Tampa Bankruptcy Law Blog
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,...
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...
Trucking industry ready for an uncertain 2020
The trucking industry was glad to see 2019 end. All of 2018 saw only 310 shutdowns of trucking firms, not surprising as it was one of the best years in the history of the industry. But it was still sobering to see nearly 800 firms shut down in the first nine months of...
How Chapter 12 bankruptcy helps agricultural professionals
Modern agriculture can be an unpredictable industry. Although technology has led to less laborious farm work, increased yield and less crop loss to pests, things can still go wrong due to factors beyond a farmer's control. Regardless of how educated, experienced and...
How to rebuild your credit after bankruptcy
Bankruptcy is a chance to reconcile the past with a fresh start. Reorganize debt and protect your assets from creditors. Regain firm financial footing. Rebuild your confidence and dignity. It does not have to be so daunting because you are not alone. Almost 97% of...
Trucking faces recession: why you may need Chapter 11 bankruptcy
You work hard to make your trucking company successful. Over the years, you've learned to control many small problems that threaten your success. But you may struggle to control larger issues like a downturned economy or high insurance rates. When these problems put...
Farm bankruptcies are at their highest since 2011
Is your farm mired in debt and getting little relief? According to the American Farm Bureau Federation, the nation’s largest farm advocacy group, many farmers are struggling this year. Between January and September, 580 farmers filed Chapter 12 bankruptcy. That’s up...
Will I have to close my business if I file for bankruptcy?
When your small Florida business falls on hard times, you can struggle to pay off all your debts. Between vendors, suppliers, your employees and the IRS, you can end up with multiple unpaid bills that affect your business. When you reach this state, you may consider...
