Tampa Bankruptcy Law Blog
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...
Why filing for Chapter 13 is more beneficial than Chapter 7
So you finally bit the financial bullet and decided to file for bankruptcy. You may have initially intended to file for Chapter 7 and then learned that you likely wouldn't qualify. Congratulations. You have sufficient resources and earning power that while you are...
Review your options for a Chapter 11 bankruptcy
If you're a South Florida business owner who is struggling to keep your company solvent and your doors open, it can be quite frustrating to juggle bills every month and never manage to pay them all. In fact, you might even worry whether you will be able to continue...
Can Chapter 11 Bankruptcy benefit struggling trucking companies?
There are semi-trucks on the highway or freeway every day, so does it come as a surprise to hear the trucking industry is suffering? When these trucks go “too” slow, you may think they’re a nuisance, but you should consider the people behind the wheel. Many truck...
Why is Chapter 13 known as a ‘wage-earner’s’ bankruptcy?
When Tampa debtors filing for bankruptcy have significant assets or income, they are ineligible for filing under Chapter 7, which is a total liquidation. While that might sound like a good deal, it also means that any non-exempt assets can be sold off to pay your...
