For Business Bankruptcy law certificate holders, “Board Certified – Business Bankruptcy Law – American Board of Certification” and for Creditors’ Rights law certificate holders, “Board Certified – Creditors’ Rights Law – American Board of Certification.”
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Starting a bar or a restaurant is notoriously hard. Some estimates claim that about 80% of all restaurants go under in the first five years. It’s even 60% in the first year. If you’re an owner who made it through a single year without folding, you’re already running...
The hospitality industry is one of the biggest industries in the state of Florida. Thousands of people work for hotels, motels and other hospitality businesses across the state that cater to tourists and business people alike. There are also many independent owners...
As a hotel owner, you likely don't need anyone to remind you of how destructive natural disasters, medical crises and issues with the economy can significantly impact your operations. These different phenomena may not only cause physical damage to your property,...
Businesses, just like individuals, can go through times of financial hardship. Maybe you run a residential real estate rental company and have non-paying tenants who have left you behind on your bills. Perhaps you ran into some issues with a supplier and had to close...
Chapter 12 bankruptcy is a unique form of bankruptcy designed for agricultural businesses. With a Chapter 12 bankruptcy, farmers who are dealing with debt can look for “cramdown” solutions, which help them reduce their debts significantly by comparing the value of a...
Those who have never worked in the commercial transportation industry have no concept of how valuable commercial trucks really are. The average person would likely express shock to learn that recently manufactured 18-wheelers could cost as much as a home, possibly...
A business struggling with more obligations and liabilities than income may have to get creative in its attempts to regain control over company finances. Business bankruptcy, such as Chapter 11 proceedings to help restructure or reorganize the company, can be a...
A bad real estate investment is one that isn’t helping your business in any way. Some may say that it bleeds money, costing you much more than you’ll ever see in returns. It is frustrating to deal with a bad investment property, especially if you can’t easily sell it...
If the recent economic downturn has put a big dent in your finances, you now may feel like you are drowning in debt. Maybe that rental property you bought three years ago has sat vacant during the last year, which is part of the reason you now are struggling. You may...
Trucking companies sometimes struggle with their finances. In some cases, those companies go under. That’s what happened in the case of Celadon Group Inc., which was formerly located in Indianapolis. The trucking company filed for bankruptcy back in December 2019,...
