Businesses facing financial difficulties that want to restructure their debts and continue operations must do so under Chapter 11 of the Bankruptcy Code.  However, some elements of Chapter 11 made it difficult for small businesses to reorganize effectively. In particular, the Absolute Priority Rule imposed a significant barrier to successful reorganizations.  Under that provision of the Bankruptcy Code, the owner(s) of a business cannot keep their equity unless they either pay all creditors in full or provided a capital injection to essentially purchase their equity (termed “new value”).  Having to pay all creditors in full was simply not feasible for many small businesses.  Furthermore, by the time small businesses seek bankruptcy protection, they’ve often tapped out all available sources of additional capital, so they had no source of funds with which to provide new value. Additionally, the requirement that all administrative claims be paid on the Effective Date of the...Continue Reading

With everything happening in regards to the pandemic, people are seeking out ways to legally protect themselves and their businesses. And who better to go to than Rachel?   Money reached out to Rachel to get her advice on liability waivers and what to look for in them.       Read the full article here:  Coronavirus Liability Waivers Are Popping Up at Gyms, Restaurants and Shops.   Are you looking for more legal resources regarding COVID-19? We’ve got you covered from everything from COVID-specific legal docs to informational resources and a handy-dandy checklist for reopening your business after COVID. Find everything you need here: https://rachelbrenke.com/covid/Continue Reading

Due to the Covid-19 pandemic, small businesses have been greatly impacted. This especially includes wedding vendors such as florists, caterers, cake designers and photographers.  Forbes reached out to Rachel Brenke for legal advisement to vendors facing cancellations of weddings and the associated legal contracts.  This quote isn’t the full analysis or discussion but gives a little insight into knowledge needed to navigate the murky waters of contract law during a global pandemic.   You can find the full article here: https://www.forbes.com/sites/yolarobert1/2020/04/28/what-to-do-if-you-have-to-cancel-your-wedding/#44724f02714aContinue Reading

Have you ever thought about creating your own podcast?  Recently, Jason Hartman from Authority Magazine interviewed Rachel about her own success as a podcaster. For those of you who didn’t realize Rachel has a podcast, too, here’s a link:  The Business Bites Podcast®. In this interview, Rachel was asked things such as: mistakes she has made and the lessons learned from them advice on consistency and being disciplined where her inspiration for show topics comes from how to book great guests the equipment needed to get started Read all of Rachel’s answers to these questions and more in “Here Are 5 Things You Need to Know to Create a Very Successful Podcast”.     Want to save this article for later?  Pin it! Continue Reading

Barb Allen from American Snippets Podcast invited Rachel to sit down with her to talk about her how she began her entrepreneurial journey and the adversities she faced along the way.   Key points to listen for: how Rachel views adversity what made her stand up and make her health a priority how she created something positive after the death of her running buddy, Archer and more!   Where to listen: American Snippets Apple Podcasts   Want to save this post for later?  Pin it!Continue Reading

Kelly Ann Gorman invited Rachel to her show The Happy Workaholic Podcast where they discussed Rachel’s businesses and life outside of business.   Key points to listen for: Rachel’s entrepreneurial journey…how she went from the beginning to where she is right now how to recognize when you need to pivot in your business tips entrepreneurial moms (or dads!) can use to stay organized…Rachel has 5 kids so has a little experience with this! why contracts are a great investment and more! During this interview, she referenced Business Bites Episode 1:  Filling the Rocks First. Listen to it too to get even more tips on scheduling and organizing your calendar!   Where to listen: KellyAnnGorman.com Apple Podcasts Google Podcasts Spotify Visit https://kellyanngorman.com for even more listening options.   Wanna save this post for later?  Be sure to pin it!Continue Reading