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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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...
Realizing that your business is experiencing financial difficulties isn’t easy. Your focus will quickly shift to determining what you can do to get things back on track. Most business owners don’t want to have to close their company, so researching and executing...
There are numerous types of bankruptcy available to those who run businesses, such as family farms. Organizations can pursue multiple different types of bankruptcy depending on their current circumstances and what they hope to achieve via a bankruptcy filing. Family...
When big businesses have to file for bankruptcy, the court proceedings might make the national news. Local business bankruptcies can also draw media attention at the regional level, especially when a bankruptcy might result in layoffs. As the owner or financial...
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...
As a farmer in Florida, you have your choice of numerous crops, many of which could be very lucrative after you become established. However, farming is far from a cheap profession to pursue. You cannot just pop a few seeds in the ground and just wait for them to...
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...
