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When many people hear that a business is declaring bankruptcy, they assume that that is the end of the business. It is going under, and it is going to cease operations. They imagine that the business will sell off its inventory and assets, such as equipment and real...
A temporary hardship at a business could theoretically spiral out of control and impact the company's long-term prospects. Business owners and executives trying to correct challenging financial circumstances may eventually determine that a bankruptcy filing is the...
Closing a small business is never easy. Many owners invest years of effort, savings and personal identity into their companies. When financial pressures become overwhelming and recovery feels out of reach, Chapter 7 bankruptcy can seem like a last resort. Learning...
Businesses can run into financial trouble for many reasons. In some cases, there is no real solution other than declaring bankruptcy. This could cause the business to close, such as with Chapter 7 bankruptcy, but it may also allow the business to stay open through a...
Business franchising can offer strong brand recognition and a proven operating model. At the same time, it comes with strict rules and ongoing obligations that can create challenges for franchise owners. When issues arise, it is important to act carefully and with a...
Business owners sometimes find themselves trying to determine what the best business model is for them. Some prefer to start their own company where they have complete creative control and grow it from the ground up. Others decide they want to start a franchise...
Many new business owners need to take out loans just to start the business and get it off the ground. This means that they start with significant financial obligations. There is an inherent risk in taking these on, especially if the business has not proven that it can...
When business expenses and debt start mounting, bankruptcy may seem to be a path forward. For many business owners in Florida, the question is not whether to file but what happens next. If you are considering Chapter 7 bankruptcy, understanding how it affects your...
Chapter 11 bankruptcy can be a highly complex process. That’s why it’s crucial to have experienced guidance throughout. Even the terminology used can seem like a foreign language. Take the word “cramdown.” You won’t find it in the Bankruptcy Code, but it’s a common...
While subletting can sometimes be beneficial, it also introduces potential risks that may affect the property’s value, compliance and overall management. Landlords must therefore exercise caution before allowing subletting arrangements. Although some tenants seek to...