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Filing for bankruptcy is often the final resort to addressing overwhelming debt. In Chapter 7 cases, debtors can find help organizing their assets and relieving specific loan types based on their circumstances. This option can also help them receive discharge releases...
As a franchisee, you have a big responsibility to uphold the standards and reputation of the franchise network. But what happens if you do not meet your responsibilities and your actions or inactions cause harm to the franchise's reputation or result in financial...
As a business owner considering Chapter 7 bankruptcy, you might feel concerned about your employees' future — particularly their 401(k) plans. Bankruptcy does have implications for these defined contribution plans. But fortunately, government protections exist for...
Florida businesses will inevitably have their ups and downs. If there are financial issues and bankruptcy is needed, it is important to have an idea of the preferable option based on the circumstances. This is when it is important to know whether the business can...
Small businesses have been facing tough times over the last few years. Rising inflation has caused consumers to cut their spending, supply chain interruptions are wreaking havoc with all kinds of industries and chronic labor shortages are forcing many companies to pay...
Reviving your business following Chapter 7 bankruptcy presents challenges. You're likely to encounter various challenges along the way. These challenges may include issues about your credit status, business funding and court regulations. However, while this path may...
A commercial real estate purchase can be a valuable investment, but if you are unable to make the loan payments, the property may be subject to foreclosure. This can damage your business in many ways. Foreclosure process Generally, the foreclosure process on...
Florida business leaders make decisions every day that they think will benefit their companies in the long run. For some, an important decision is whether or not to take on a debt. But, what might look like a good decision for the future of the company at the time...
Commercial real estate contracts can address any number of situations, such as leasing spaces for businesses or warehouses, or even buying property for new construction. Oftentimes, mergers and acquisitions will involve commercial real estate deals and, of course,...
It may seem like you can’t open the news these days without reading about another big business that’s gone (or going) bankrupt – and that’s no illusion. Some of the most notable companies that have filed for bankruptcy protection in the last year include Bed, Bath...