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It may seem like you can’t open the news these days without reading about another big business that’s gone (or going) bankrupt – and that’s no illusion. Some of the most notable companies that have filed for bankruptcy protection in the last year include Bed, Bath...
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...
Starting a franchise offers advantages that make it an appealing option. When you opt for a franchise, you gain an automatic license to utilize the brand and its operating methods. However, while it allows you to leverage the franchise's branding and business...
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...
Amid the dynamics of running a franchise business, conflicts and disagreements are bound to emerge, even in the sunny state of Florida. Divergent expectations and goals between franchisors and franchisees often fuel the fire of disputes. As the market evolves, so do...
Commercial properties tend to yield more than residential leases. They have higher income potential. Tenants leasing commercial property typically occupy the property for extended periods, meaning the contracts involved with commercial real estate offer more income...
Before a franchisor does business with a possible partner, they both have to accept the terms of a franchise agreement. The agreement protects the business while providing the partner rights to use its trademarks and do business under its name. But if franchisees...
One of the more complex processes for your business is undergoing a Chapter 7 bankruptcy. The complexities of Chapter 7 compared to Chapter 11 will often lead to your business closing immediately after filing for bankruptcy. The company and its assets will be sold to...
Business owners are often reluctant to consider filing for bankruptcy. Their business may be their sole source of income and usually represents a considerable investment of their time and money. Some may ignore signs that their businesses are struggling until it's too...
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...