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Will Bankruptcy Hurt Yellow Cab on the Street?

The bankruptcy filing of Yellow Cab is a foreseeable outcome of healthy competition in the market place. Yellow Cab's bankruptcy filing can help the company to become profitable again. Like so many others that need to file bankruptcy, operating in the red with their finances, and never really getting ahead of the debt curve, can be a negative rut that leads to bankruptcy. Whether Yellow Cab discharges or gets rid of debt, or just reorganizes the debt, one thing can be sure, Yellow Cab will save thousand's of dollars in interest, and will be able to spread out payments or reduce debt service in the short run. Yellow Cab can then get down to business, in figuring out how to make the company profitable again. Perhaps a model where the drivers are truly independent will bring the costs of a cab down, and make this company truly competitive again.

Evans Law in the Media

"We're having great results using the rule," said Brette Evans, a San Jose bankruptcy lawyer. In one recent case, a small-business owner was able to hang on to her home by setting aside a $240,000 second mortgage, she said.

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Silicon Valley | Mercury News.com
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