Consumers often use Chapter 7 or Chapter 13 bankruptcy to seek debt relief, but small business owners have another option. They can use Chapter 11 bankruptcy to help their company minimize financial pressures, overcome debt and work toward long-term success. An...
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Chapter 11 For Small Businesses
Small businesses may have an alternative to Chapter 11
Florida businesses were hit hard by the pandemic. While some have figured out ways to gain alternative revenue streams, others struggle to get by. Many businesses that face debt burdens may file for Chapter 11 bankruptcy. Unfortunately, some may not be able to afford...
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...
Chapter 11 advantages for small business debtors
Chapter 11 bankruptcies are excellent tools available to both small business debtors and other consumer debtors. They offer relief from unmanageable debt to those who qualify. However, the procedure does not treat all groups of debtors equally, and offers a number of...