Starting the conversation about bankruptcy can be difficult. It's tough to think about ending a business you've worked hard to build. You might even start to question if business ownership is really for you. But remember, every business faces challenges. Don't let...
Month: February 2024
What to review when revisiting your commercial lease agreement
Commercial leases can significantly impact how a tenant or landlord operates their business. Vague details left undetected after signing the contract can lead to disputes over time, potentially resulting in losses or damages for both parties. Fortunately, they can...
What is a fraudulent conveyance in a business bankruptcy?
Facing financial distress, businesses may resort to various strategies to mitigate losses, including filing for bankruptcy. However, bankruptcy law is complex, and improper actions taken by businesses and their owners to shield assets can lead to serious...
Your commercial tenant is bankrupt. Now what?
Small businesses do not always succeed. Still, it can be unsettling to discover that your commercial tenant is now unable to pay debts and obligations due to financial difficulties. Moreover, this unexpected development puts your rental income at risk. This is a...