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chapter 11 bankruptcy for businesses Archives

Could your business be saved by filing for Chapter 11?

Being a small business owner has its perks, but it is not for the faint of heart. Especially in the first few years when there are operational costs that might exceed the revenue generated, it can feel like a losing proposition.

Could filing for Chapter 11 bankruptcy save your business?

If Black Friday sales failed to get your small business out of the red, you may have to seek further debt solutions like a Chapter 11 bankruptcy. While bankruptcy shouldn't be your first choice for a solution to your debt problem, it can be an effective way to reorganize your debt and make it more manageable.

Benefitting from a Chapter 11 automatic stay

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 structured.

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 of your business, many entrepreneurs decide to take advantage of the benefits of a bankruptcy filing.

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 getting out of control.

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.

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.

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