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chapter 11 bankruptcy for businesses Archives

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.

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 to prepare your employees for what's to come in Tampa, Florida. Here are some tips on what you should tell them.

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.

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 a significant amount of debt over time.

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.

Liquidating a business through Chapter 11

If you are the owner of a small business and want a fresh start from your debts, then you have many options open to you. It is important to remember that by filing for bankruptcy, you are not admitting defeat, but instead taking action to strategically move forward.

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 advantages to small business debtors over others. Depending on the nature of the bankruptcy and the small business, Chapter 11 offers several distinct advantages, streamlining the process and usually reducing the overall costs.

When should businesses file for Chapter 11 bankruptcy?

There are many instances when businesses become in dire need of a fresh financial start. Debts can become a vicious cycle of repayments and inability to meet those repayments, ultimately incurring further costs.

Business bankruptcy: considering Chapter 11

If a business is going through hard financial times, the most important thing is to find a way to get the debts repaid, while at the same time maintaining and growing the current business streams. This can be a hard act to juggle, and there are many possible strategies that can aid you in going about doing this. One of these options can be filing for Chapter 11 bankruptcy for businesses.

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