We understand that hearing “Chapter 11” can raise questions. Here’s what this process means for HBI, and more importantly, for you as our client.
1. What is Chapter 11?
Chapter 11 is a legal process that allows a business to restructure its finances while continuing to operate. It provides the flexibility to reorganize, manage obligations, and strengthen for the future — all while serving clients as normal.
2. Is HBI still operating?
Yes. HBI Tax continues to operate fully. Our team is working with clients every day, providing the same tax, accounting, and business services we always have.
3. What does this mean for my services?
Nothing changes. Your engagement, deadlines, and deliverables remain exactly as agreed. You’ll continue working with your same contact at HBI.
4. Why did HBI choose Chapter 11?
It was a strategic step to protect our business, our employees, supply chain, and our clients. This process gives us time and structure to reorganize responsibly and build a stronger financial position. A number of adverse economic conditions relating to past transactions led us to a responsible decision to take this step in the best interests of all stakeholders.
5. How does this affect HBI’s future?
Chapter 11 allows us to stabilize, plan long-term, and prepare for renewed growth once the process concludes. It’s a reset designed to protect continuity — not disrupt it.
6. How can I stay informed?
We’ll continue sharing updates on hbitax.com/news and via our LinkedIn page as the process progresses.
