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Business bankruptcy can help a company renegotiate its debts if it wants to continue operating or get rid of liabilities when it is about to shut down for good. Companies trying to stay open often have to make drastic changes to curb their costs and improve their...
When you open a business, your goal is to make sure it is successful. You put hours of your own time into the business. You spend your own money on marketing and setting up your shop. Unfortunately, not all businesses will succeed. If you have set up your business but...
The ups and downs for small business owners have largely been “downs” for the last couple of years, so it’s perfectly understandable that a lot of companies -- yours included -- need to file for bankruptcy. That’s rather cold comfort, however, when you’re trying to...
The year 2020 ushered in many problems for business owners in Jacksonville, Florida. These issues continue to affect local companies, making it hard for them to remain in business. In some cases, the only solution for these problems is to file a Chapter 11 business...
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...
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...
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...
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...
Signing up for a franchise can be an excellent opportunity to piggyback your business on someone else’s success. Yet, as many people have found out to their cost, it can also come with many problems. Franchise agreements can be complicated and full of clauses that...
Chapter 7 bankruptcy is an important tool for people facing insurmountable debt. When the monthly costs and expenses exceed the monthly income, when collectors are calling regularly and when you are trying every month to figure out which bills not to pay in order to...