Tampa Bankruptcy Law Blog
What restaurant owners should know about bankruptcy
When you decided to open a restaurant, you knew it was a risky venture. Many restaurants struggle and ultimately fail within a few years. Of course, 2020 has been a very difficult year for the restaurant business with mandated shutdowns and capacity limits due to the...
What hotel owners should know about bankruptcy options
The current coronavirus pandemic has hit the hotel industry hard. Business travel has plummeted – many businesses have yet to begin authorizing employee travel because of COVID-19. Also, far fewer Americans have taken vacations over the last six months, opting to stay...
Small businesses may have an alternative to Chapter 11
Florida businesses were hit hard by the pandemic. While some have figured out ways to gain alternative revenue streams, others struggle to get by. Many businesses that face debt burdens may file for Chapter 11 bankruptcy. Unfortunately, some may not be able to afford...
Is a bankruptcy filing right for my business?
Bankruptcy can be one of the toughest choices owners make. But it can also give them a fresh start. While a business's credit score can take a hit during a bankruptcy filing, owners can mitigate these feelings by understanding the process and what options they have...
Can you file for bankruptcy to protect your family farm?
Agriculture is a noble but unpredictable profession. Even the best, most experienced farmers can have a few bad seasons close together due to circumstances beyond their control. Unusual weather patterns, including unseasonably hot or cold days and high or low levels...
3 signs it may be time to file for bankruptcy
Car, house and credit card payments can add up over time. If what you make is below or barely exceeds the debts you owe, this can be incredibly stressful. No matter a person’s career status or annual income, debt can consume their life for years. Fortunately,...
What happens when a business files for Chapter 11 bankruptcy?
Just a few months ago, the U.S. economy was strong and growing. But then things took a drastic turn with so many businesses shutting down or scaling back operations to slow the spread of the coronavirus. Perhaps, now your business is on the brink of closing and you...
Common strategies for getting a company’s finances back on track
Whether you own the business, serve as an executive or an accountant, or have recently gotten hired to help address dismal financial prospects, watching a previously successful business struggle with financial insolvency is hard. Thankfully, there are multiple options...
What are the primary benefits of Chapter 11 bankruptcy?
As a business owner, you’ll do whatever it takes to maintain a strong balance sheet. However, things can take a turn for the worse when you least expect it, thus leading you to learn more about Chapter 11 bankruptcy among other options. While it’s not something you...
How bankruptcy could help struggling real estate investors
Real estate investing can be a path to financial freedom and passive income for many people. After all, there is always demand for housing. However, as with any investments, real estate purchases are largely speculative, which means that circumstances can change in...
