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HELPING FLORIDA BUSINESSES
One of the things you’ve probably heard about bankruptcy is that it can have a negative impact on your credit score. That can be true, depending on how low your score is due to missed payments and the level of your debt. However, one thing to remember is that your...
One of the primary concerns of some business owners when they need to file for bankruptcy is what will happen to the employees. Sometimes these employees have been with them for years and have helped build the company. They might be worried that the employees won’t...
Henry Ford said, “Failure is simply the opportunity to begin again, this time more intelligently.” In order to begin again, most companies will need a little financial forgiveness. Filing for Chapter 11 bankruptcy could be the difference between survival or failure....
It can be easy to associate the term bankruptcy with negative connotations. Some business owners may believe that they have failed their company or their families and that, in choosing bankruptcy, they are waving the white flag of surrender. But that is simply not the...
Anytime you sign a contract, having it carefully reviewed for the legality and questionable inclusions is usually a good decision. Commercial leases are very expensive potential contracts that deserve the same degree of scrutiny as other contracts a business might...
You love running your own business, but with the economy as it is today, you’re struggling. Anytime there is a dip or downturn in the economy, it does make it harder to make ends meet because you don’t have as much income coming in. On top of that, your vendors and...
One of the most difficult things for a business owner to realize is that their company isn’t going to remain solvent. When this happens, there are only a few options that might be viable. They might be able to rework the budget to account for the shortfalls or...
If your business is in trouble, you may need to file for bankruptcy. The exact benefits and consequences of bankruptcy are somewhat different from chapter to chapter. Many businesses that are facing insurmountable debt opt for Chapter 7, or liquidation bankruptcy. The...
Businesses facing serious financial troubles can benefit from the fact that many have been there before. If you represent a business or you are the owner of one, know that there is nothing wrong with filing for bankruptcy. Not only is it a common move for...
Bankruptcy is a viable, honest means of giving your business a fresh start. Of course, it may not be the right fit for every business in financial turmoil. You would need to speak with your attorney or an otherwise qualified expert to know for sure. Common forms of...
