When you file for a Chapter 11 bankruptcy, your goal is to reorganize your business affairs, assets and debts in order to make a fresh financial start from debt. It can protect your business’ assets from being seized by creditors, especially if your company is in a...
Business Bankruptcy
Subchapter V bankruptcy: Helping small businesses in distress
Times have been tough over the last few years, especially for small business owners. Supply chain interruptions, staffing issues and cuts in consumer spending due to inflation have made profit margins thinner than ever. Many small businesses eventually need to seek...
Is shutting my business down my only option?
Establishing your own business might be one of your lifelong dreams. However, it is not all sunshine and rainbows in the field of business. You could experience financial turmoil, leading you to consider shutting your business down. But there are options available to...
Understanding bankruptcy options for business partnerships
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...
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...
Bankruptcy as a business strategy
For many small to mid-sized business owners in the Sunshine State, bankruptcy is synonymous with defeat. However, those with more experience know that owning your own business does not guarantee financial stability. There may be a time when you need to make...
A business’ situation dictates which bankruptcy chapter to use
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...
Merchant cash advances: A roadmap to financial distress
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...
Chapter 11 bankruptcy is reorganization over liquidation
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...