Chapter 11

As a business owner, it is clear to you that your debt is not manageable at its current level. You have been thinking of ways to eliminate it. One that you keep coming back to is declaring bankruptcy. However, your business is still getting customers and making sales....

Filing for Chapter 11 bankruptcy marks a challenging but hopeful turning point for many business owners. While this legal protection gives you room to reorganize, it brings up crucial questions about your ongoing responsibilities. Among your most important concerns,...

In a Chapter 11 bankruptcy, the court must approve a reorganization plan before the business can move forward with its recovery. This document serves as a contract between a business and its creditors, outlining how the company will manage its debts while staying...

As a business owner, filing for Chapter 11 bankruptcy can be challenging. Chapter 11 may offer businesses an opportunity for reorganization and debt restructuring. However, there are mistakes in filing that you should be aware of. Doing so may ensure a smoother...

When your business faces financial difficulties, filing for Chapter 11 bankruptcy may be viable. However, before taking this significant step, you must understand the process and its implications. Below are important considerations when considering Chapter 11 business...

When you file for business bankruptcy, you may have to inform your employees about it. This is often a tough process. Employees naturally worry about job security and benefits, and discussing the business’ probable future may be challenging. Still, clear and honest...

Many people perceive bankruptcy as a frightening word. It is often associated with financial struggle, business shutdown, bottomless debt and a loss of assets. As large businesses file for bankruptcy all around Florida, you could be anxious about the future of your...