Monthly Archives: January 2021
Personal Guarantees on Commercial Leases When a Business Closes or Files Chapter 7
When a business in the Tampa Bay area is struggling to pay its debts and to keep its doors open, the business owners might be considering the possibility of business bankruptcy or closure. For many businesses, Chapter 11 bankruptcy is the best option because it allows the business to remain open while reorganizing debts… Read More »
In Bankruptcy Because of Seller Fraud in a Purchased Business
All too often we meet clients who moved down to Florida with hopes of being in business for themselves. The story is the same each time. Sadly, a bad business purchase can lead to the loss of life savings, retirement funds, and personal bankruptcy. Meet “Bob” from Michigan. Bob worked in the corporate world… Read More »
Filing Chapter 11 for a Franchised Business
If you own a franchised business or if you are a franchisor in the Tampa Bay area and you are considering Chapter 11 bankruptcy, it is critical to understand that your bankruptcy case will be a bit different from a business bankruptcy for a company that is not a franchise. Most significantly, your bankruptcy… Read More »
