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Category Archives: business dissolution

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Closing a Restaurant in Tampa Bay

By Tampa Law Advocates |

Closing a Restaurant or Bar in Tampa Bay? The COVID-19 virus has wreaked financial havoc for bars and restaurants in Tampa.   On  March 17, 2020, the Governor ordered all bars to be closed temporarily, and restaurants could only provide take-out services.  Many business owners decided to close down completely.  This was of course a… Read More »

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Retail Commercial Leases in Chapter 11 Small Business Cases

By Tampa Law Advocates |

If you run a small business in the Tampa Bay area and are considering Chapter 11 bankruptcy, we know that you have many questions about moving forward with your business. For instance, can you keep your business open throughout Chapter 11 bankruptcy? Will any of your business assets need to be liquidated? And perhaps… Read More »

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Chapter 7 for The Small Business Owner

By Tampa Law Advocates |

Chapter 7 Bankruptcy for The Small Business Owner Part One:  Why Would a Small Business Need to File A Bankruptcy? A colleague asked me this morning why a small business would need to file a bankruptcy, instead of simply closing down and walking away.  Of course the owner might be facing personal guarantees for… Read More »

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Chapter 7 Bankruptcy on a Small Business: What Will Happen to the Business Equipment?

By Tampa Law Advocates |

If you own a small business in the Tampa Bay area and are thinking about filing for Chapter 7 bankruptcy, we understand that you have questions about what will happen to the business property. For instance, if you small business is a restaurant in downtown Tampa and you have a substantial amount of kitchen… Read More »

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Business Disputes Being Handled in Bankruptcy Court

By Tampa Law Advocates |

If your business has filed for Chapter 11 bankruptcy protection in Tampa, what happens when a business dispute arises during the bankruptcy proceedings? For example, if you own a small company in the Tampa Bay area and are seeking to discharge your business debts through bankruptcy and an entity with whom you have been… Read More »

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Business Lender and Personal Guarantees

By Tampa Law Advocates |

When a Business fails, what can happen to the owner? Here are some common questions and answers about personal guarantees on business debt. Question:  What are the basics every business owner needs to know about personal guarantees? Answer: Normally when a business owner signs a loan on behalf of its business, the creditor can… Read More »

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Bar/Tavern Chapter 11 Bankruptcy

By Tampa Law Advocates |

Anyone who currently owns or is thinking about opening a bar or tavern in the Tampa Bay area knows just how popular these establishments are with residents and visitors alike. For example, a list on TripAdvisor shows that bars, taverns, and pubs such as Coppertail Brewing Company, World of Beer, Clooney’s Wine Bar, and… Read More »

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Debtor-in-Possession Bank Accounts and Rules: What Happens When You File a Chapter 11 for a Small Business?

By Tampa Law Advocates |

What happens when a small business in the Tampa Bay area files for Chapter 11 bankruptcy?  Let’s look in particular at the requirement for the business owner to open debtor-in-possession bank account. What rules does the debtor have to follow? In order to understand the answers to these questions, it is important to learn… Read More »

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Dissolving a Business in Tampa

By Tampa Law Advocates |

How often do Tampa-area business owners make the decision to dissolve a business? According to a recent article in the Tampa Bay Business Journal, certain properties in our city, particularly in the restaurant industry, tend to be prone to business closures. Let’s take a look at a recent story about the Black Palm restaurant,… Read More »

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