PopExpert Files for Bankruptcy, Searches for Buyers

PopExpert, a tech startup that was founded in 2012 with the goal of creating an online space where members could connect with career coaches, mentors, and other professionals, filed for Chapter 11 bankruptcy in early 2016. In its early days, PopExpert was wildly successful, bringing in approximately $900,000 in 2015 and an initial $3 million from investors. After approximately one year under Chief Executive Aaron Kahlow, the company suffered severe financial troubles.
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Life After Chapter 11: Family Christian Stores Look to Recovery with New Plan

Filing for bankruptcy does not mean accepting personal or business failure. For many individuals and companies, bankruptcy means an opportunity to re-strategize and regain control of the company's finances. One recent example of a company emerging after bankruptcy with a new business plan is Family Christian Stores, a Grand Rapids, Michigan-based niche retailer.
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  • Newland & Newland LLP, Attorneys, Arlington Heights, IL