When you decide to file for bankruptcy to avoid further debt or reorganize your business, you are required to inform your employees, which will likely cause specific concerns. It's important to understand the best methods to share this news with your employees and to...
Business Bankruptcy
The documentation required when filing a Chapter 11 bankruptcy case in Florida
Many individuals facing bankruptcy choose to work with an attorney because they recognize the complexity and importance of the process. If your business is considering bankruptcy, working with an attorney is required. One of the critical responsibilities an attorney...
Business bankruptcy during a construction project
Business bankruptcy is an unfortunate reality for many businesses undertaking construction projects. These projects are often expensive and require significant capital to begin and complete. If a company goes bankrupt during a project, it can cause serious financial...
What to avoid when your company files for bankruptcy
Sometimes when business owners are going through bankruptcy, they end up making errors that can affect the outcome of the filing. Business owners, particularly small to midsized businesses where the owners are often the operators, take the financial failures of the...
Bankruptcy exemptions that small businesses can claim
When filing for bankruptcy in the state of Florida, there are a number of exemptions available to help a business stay afloat and pay off creditors. These exemptions include the Homestead Exemption, Personal Property Exemption, Motor Vehicle Exemption, and Wildcard...
How creditors can force your business into bankruptcy and ways to avoid it
As a business owner, facing involuntary bankruptcy can be a terrifying prospect. It's important to know what steps creditors can take to force your business into bankruptcy and how to prevent it from happening in the first place. What is involuntary bankruptcy?...
Important considerations when filing for business bankruptcy
Filing for bankruptcy is one of the options that businesses can pursue when struggling to meet their financial obligations. It can provide an avenue for companies to liquidate their assets and pay creditors or reorganize the business to allow them to pay off these...
Bankruptcy may not solve all business tax problems
Many business owners going through bankruptcy may also have outstanding taxes. While bankruptcy is often an effective way to make a business financially profitable again, bankruptcy won't automatically release you from all financial obligations. Most unpaid taxes and...
Alternative options to obtain credit during a business bankruptcy
If you've recently declared bankruptcy due to financial trouble, the last thing on your mind is probably obtaining a new line of credit. However, there may be some scenarios in which emergencies arise while your business is going through bankruptcy. Depending on your...
What debts are dischargeable in a business bankruptcy?
More and more businesses are feeling the pinch of high inflation, supply chain issues and the aftermath of a pandemic. The landscape of business as we knew it in the past has changed, leaving some businesses struggling to stay afloat. Many business owners are looking...