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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The primary purpose of having a business is usually to generate profit. Unfortunately, it can be a serious challenge to open a business or keep a company solvent as the market changes. In recent months, for example, inflation has certainly put the pinch on numerous...
Business owners who experience a large uptick in operating costs or a sudden drop in revenue may have to make difficult decisions. Oftentimes, reducing their workforce and possibly even the number of locations that the company operates may be necessary if the...
If you’re starting a hotel from the ground up, then there are a lot of considerations when purchasing land, hiring contractors, working alongside business consultants, etc. While there are a lot of physical decisions to make, there may be a lot more legal discussions...
Some businesses file for Chapter 7 bankruptcy because they are past the point of no return and will need to liquidate debts as part of the process of dissolving the organization. Other businesses file for bankruptcy to regain control over the company's budget and keep...
Hotels require a lot of startup capital. Whether you buy an existing property to take over management or you construct a new hotel, seven and eight-figure price tags are not uncommon when acquiring facilities. Routine operating costs can also be quite expensive. You...
Operating a lucrative commercial transportation or trucking company isn't as easy as people think. When the average person sees what businesses will pay to have a load hauled from one coast to the other, they might assume that the profit margins in the trucking...
Sometimes, people talk about bankruptcy like it’s a bad thing. Realistically, it’s a protection that can help you get out of difficult financial situations and improve your financial outlook. As a business owner, you need to understand the benefits of using bankruptcy...
Business bankruptcy is a complex but sometimes necessary process. It allows struggling businesses to regain control after a difficult financial period, or it allows someone closing their company to limit personal liability for the company's losses. Regardless of...
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...
