Many small businesses in Florida struggle to keep their doors open during economic downturns. They want to save their business, but a traditional Chapter 11 bankruptcy may fail to meet their needs. Those who haven't been able to benefit from a Chapter 11 and were left...
Month: May 2021
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What happens to your business’s lease in bankruptcy?
If you have reached the point where you want to file bankruptcy for your business, you may not be able to cover all of your costs every month. Especially if you can no longer operate the company as you once did, choosing to close your physical location might be a...
Will your employees’ wages be paid in a Chapter 7 business bankruptcy?
One of the worst things about a business bankruptcy is letting down your employees, some of whom may have been with you since its inception. But reality must be dealt with, and the answer to that question is that they likely will not receive the wages they are owed...