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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...
Business bankruptcy does not necessarily mean the end of a company, but it does generally cause a dramatic shift in finances. Companies usually have to reevaluate their financial obligations, including executory contracts such as commercial leases. A lease can make a...
As a landlord or property manager, you may encounter a tenant who wants to sublet their leased space to another business. Subletting can be a practical solution when a tenant needs to downsize, relocate or share costs, but it also raises important legal and financial...
Companies sometimes have financial troubles that start to affect their ability to remain operational. In some cases, the company may realize that they have to file bankruptcy. There are different forms that they can file, one of which is a Chapter 7 bankruptcy. When...
In Florida, hurricanes often disrupt daily life and business activity. When storms damage property and slow customer traffic, you face hard choices about expenses and debt. Revenue gaps clash with ongoing bills, and balances can rise quickly. In such moments, you may...
Franchising gives entrepreneurs the chance to run a business with an established brand. While this can be a great opportunity, franchise agreements sometimes include terms that feel restrictive. How might a franchise be overly restrictive, and what can be done about...
There are several different types of bankruptcy available to struggling business entities. In some cases, those preparing to close an organization pursue Chapter 7 bankruptcy, which they can potentially complete in a few months. Other times, the goal of bankruptcy is...
When you invest in a franchise, you expect transparency, honesty, and compliance with the law. But what happens when a franchisor fails to disclose critical information or misrepresents the facts? Franchise disclosure violations can leave franchisees financially...