Small business owners with a lot of debt may decide to seek relief through a Chapter 11 bankruptcy. In some cases, it might be possible to continue operating your business during the pendency of your proceedings. Filing for Chapter 11 allows business owners to...
Representation With Dignity Since 1987
Month: June 2019
We help clients seeking alternatives to Chapter 7 bankruptcy
Have your bills eclipsed your paycheck by a few zeroes? Or maybe your business is going through a bad cycle -- or three. It's easy to get caught up in the cycle of paying overdraft and late fees until you are no longer even paying down the principal of your debt. We...
How rising bankruptcies may affect Florida business owners
By most measures, the Tampa Bay area’s economy is healthy and growing. The housing market remains strong, jobs continue to grow and hotels have seen record-setting numbers in the first quarter of 2019. However, despite these signs of economic prosperity, there has...
Filing for Chapter 12? What you should know
A Chapter 12 bankruptcy can give many struggling farmers a chance to reorganize their debts, as well as have some additional time to bring them under control. If you decide to file for Chapter 12, you will need to file with your petition for bankruptcy the following...
Preserving your hotel or restaurant with Chapter 11 bankruptcy
Hotels and restaurants form the backbone of Florida's tourism industry. However, whether due to competitive markets, rising costs, a dependence on seasonal profits, effects of severe weather or more, Tampa business owners can find themselves managing an insurmountable...
How do I know if it’s time to file for bankruptcy?
If you are struggling to pay your bills, your head may be swimming with potential solutions to your insolvency problem. It's a good idea to try to resolve your debt delinquencies. However, "solutions" can cost you money and offer very few real routes out of debt....
What is an ‘automatic stay’ in a Chapter 11 bankruptcy?
One benefit to debtors who file a Chapter 11 bankruptcy is the automatic stay. This procedure temporarily halts all collection activities, including repossessions, foreclosures and judgments. The automatic stay takes effect upon the filing of the bankruptcy petition...
Should you try to negotiate your debts?
When you get behind on your bills, it can be a scary experience. Creditors blow up your phone with calls and your mailbox is stuffed with dunning letters seeking payment. You might also receive letters from companies offering to negotiate longer terms or a lower...