If you are a business owner in the state of Florida and you are struggling with overwhelming debts, you have many options available to you. Some of the most common problems that business owners have to deal with are cash flow issues and the way that the business is...
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chapter 11 bankruptcy for businesses
Becoming the debtor-in-possession during a bankruptcy
If you are the owner of a business that is struggling with financial difficulties, it is likely that you have considered the varying options available to you. While options could include making layoffs, changing your business plan or closing down unprofitable aspects...
Making your company more profitable while filing for bankruptcy
If you are struggling with unmanageable debts as a business in the state of Florida, it is likely that one of the primary reasons for this is because of an unhealthy cash flow. This has meant that the interest rates associated with debts have led to the situation...
How your small business can benefit from Chapter 11 bankruptcy
Running a business can be tough. While you can work tirelessly to make your business a success, sometimes there are simply factors beyond your control that will mean that the going gets tough. If your business finds itself struggling against seemingly ever-increasing...
Filing for bankruptcy as a Florida restaurant
Restaurants can go through periods of huge success, but just as quickly can come periods of hardship. This is why it is important for restaurants to keep a view on the long term, and factor in the possibility of financial hardships and debts. While bankruptcy is for...
Preparing your employees for a company bankruptcy
Deciding to file for bankruptcy is never an easy decision. Even if you know your company has been struggling mightily for some time, it can still be a heart-wrenching decision. Not only do you have to deal with the stress and emotions of the bankruptcy, you also have...
Charming Charlie emerges from Chapter 11
Last December, Charming Charlie filed for Chapter 11 bankruptcy protection. The reason given was to reduce the number of corporate employees and to close many stores that were considered "underperforming." As of April 24, the jewelry and accessories company has...
What does the IRS say about taxes and Chapter 11?
When approaching Chapter 11 bankruptcy, it is very important to consider the tax implications. Fortunately, the Internal Revenue Service (IRS) knows the challenges that businesses face, and it offers direct advice regarding this process. Below are a few common...
Cash flow solutions under Chapter 11
It is a simple fact that businesses can acquire cash flow issues at some point in their development. This does not mean that the business itself needs to fail or that the services they offer need to be fundamentally changed. But it can mean that the business gets into...
Winn-Dixie might close 200 stores in possible bankruptcy
The parent company of Winn-Dixie is considering another bankruptcy process that could result in the closure of 200 stores in the area. If that happens, it would leave loyal Winn-Dixie shoppers in Florida forced into buying their food at other stores. News outlets are...