You can see the writing on the wall. For reasons out of your control, your business is going to have to close its doors. You have more debt than you can afford. You’re going to need to use bankruptcy to get out of it. For a business owner, this can be a very difficult...
Business Bankruptcy
A force majeure clause in your lease can protect your business
Negotiating a commercial lease can be an important step for business owners. Your lease may last for years and could tie you to a property even after your company continues to grow and needs more space. The long-term lease often required to secure a commercial space...
How does bankruptcy make your business stronger?
When people think about bankruptcy, they often assume that it’s a sign of poor business moves and transactions. They might think that a bankruptcy is negative for a business, too. The reality is that bankruptcy can be good for a business. In fact, if sudden changes in...
Mock bankruptcy filing for business owners in Florida
A failing business can feel like the world is on your shoulders. After so many years of investing time, energy and resources into a business, it is difficult to even say the word "bankruptcy." Maybe the business can be saved by negotiating with those that are owed, or...
Misconceptions about business bankruptcy
Bankruptcy has provided effective debt relief solutions for many businesses in Florida, but is it right for you? Before making any important decisions about the future of your business, learn all you can about the bankruptcy process. Here are three common...
What happens to your business’s lease in bankruptcy?
If you have reached the point where you want to file bankruptcy for your business, you may not be able to cover all of your costs every month. Especially if you can no longer operate the company as you once did, choosing to close your physical location might be a...
Avoiding preference claims in your business bankruptcy
Even though your business is facing bankruptcy, you hope to rebuild. You have a plan in place, and you expect to come out of the process better than before. A preference claim from the trustee in your bankruptcy case could pose a serious issue, however. Understanding...
When can creditors come after you as the business owner?
You take on a lot of risk when you start a business. You often have to leave your job or cut back your efforts at career development to focus on the new company. You invest your time and money in something that may never repay your efforts. Even your personal...
Breaking one key stereotype about bankruptcy
Filing for bankruptcy for your business should not be controversial. You make many financial decisions every day, using the tools that have been provided for you. Bankruptcy is one such tool, and you can use it if it will help your company in the future. Businesses...
Tools of the trade are protected in bankruptcy
You started your own home remodeling company a few years back. It’s now fallen on financial hard times. You don’t want to close your doors, but you do want to use bankruptcy to restructure your debt. You’ve learned a lot and identified early financial mistakes, and...
