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...
Chapter 11
How does a Chapter 11 bankruptcy affect your employees?
Filing for Chapter 11 bankruptcy means the company is facing financial difficulties. However, it believes it can recover. This type of bankruptcy allows the business to continue operations while restructuring its debts and business model. It has significant...
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...
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...
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...
Should I let my employees go after filing for Chapter 11?
As a business owner, you may face financial difficulties that can threaten your company's future. In such situations, it's important to explore all the options available to you. One of those options is filing for Chapter 11 bankruptcy, which can help you reorganize...
Sharing bankruptcy news with employees
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...
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...
Should you consider Chapter 11 for your business?
It is no secret that the last couple of years has taken their toll on small and medium-sized companies. If your business is struggling and you are considering filing for bankruptcy, Chapter 11 may be your best option. Chapter 11, often called reorganization...
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...