Business Bankruptcy

Couples don’t have to share everything, including business debt. Fortunately, if you are a sole proprietor residing in Florida, your business debts are legally considered personal debts and may not affect your spouse. However, there are several factors in play here...

It is quite hard to imagine that a social media account could be at risk of confiscation during business bankruptcy. Unfortunately, it may be possible in Florida and many other states in the country. If your social media account is tied to the business, your company...

As a business owner, you understand that running a business comes with financial risks. If your company is struggling with debt, you may be worrying about more than just keeping the doors open—you may be concerned that your personal savings, home or other assets are...

Earlier this year, the U.S. government released reports documenting business bankruptcy filings in 2025. What they found is that these bankruptcies increased by a significant amount, rising by 7.1% during the course of the year. In 2024, there were 23,107 business...

You may have already filed for bankruptcy and now face a different question: what happens to the business itself? Once the case is underway, it can feel as though your options have narrowed to waiting for the process to play out or closing your doors. In some...

Many people have never heard the term “involuntary bankruptcy.” While filing for bankruptcy isn’t something that any person or company does unless they believe it’s their best or only option for getting out from under crushing debt, the process is still usually...

When many people hear that a business is declaring bankruptcy, they assume that that is the end of the business. It is going under, and it is going to cease operations. They imagine that the business will sell off its inventory and assets, such as equipment and real...

Businesses can run into financial trouble for many reasons. In some cases, there is no real solution other than declaring bankruptcy. This could cause the business to close, such as with Chapter 7 bankruptcy, but it may also allow the business to stay open through a...

Many new business owners need to take out loans just to start the business and get it off the ground. This means that they start with significant financial obligations. There is an inherent risk in taking these on, especially if the business has not proven that it can...

Business bankruptcy does not necessarily mean the end of a company, but it does generally cause a dramatic shift in finances. Companies usually have to reevaluate their financial obligations, including executory contracts such as commercial leases. A lease can make a...