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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...
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...
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 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...
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...
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...
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?...
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...
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...
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...