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Category Archives: Restaurant Bankruptcy

In Bankruptcy Because of Seller Fraud in a Purchased Business

By Tampa Law Advocates |

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. Meet “Bob” from Michigan. Bob worked in the corporate world for 35 years, accumulating a nice 401(k) Upon retirement he and his wife move to Wesley Chapel and… 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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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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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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Recent Changes to Bankruptcy Law: What You Should Know About the Small Business Reorganization Act

By Tampa Law Advocates |

Recent changes to U.S. bankruptcy law make it easier for small businesses and individuals to file for bankruptcy. More specifically, the Small Business Reorganization Act of 2019 (H.R. 3311), as well as the HAVEN Act (H.R. 2938) and the Family Farmer Relief Act of 2019 (H.R. 2336) have been signed into law and took… Read More »

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Chapter 11 for Restaurants and Handling Payroll Taxes

By Tampa Law Advocates |

Bar and restaurant owners in the Tampa Bay area know how much effort it takes to run a successful business. Even the most hardworking restaurant owners can struggle with debt, and they may need to seek help from a bankruptcy lawyer in order to get back on track. You will first need to decide… Read More »

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Chapter 11 Post-Petition Payments to Food Vendors

By Tampa Law Advocates |

When a restaurant or bar in the Tampa Bay area files for Chapter 11 bankruptcy, many of its suppliers may worry about whether they will receive payment for goods or services they have already supplied. Most vendors will assume that they will ultimately be repaid as long as they take the necessary steps in… Read More »

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Small Business Chapter 11 Cases for Restaurants

By Tampa Law Advocates |

What Questions Should You Ask Before You File For Chapter 11 Bankruptcy in Tampa? As many restaurant owners in the Tampa Bay area know, business can be tough at certain times of the year. Given that much of the South Florida economy is based on tourism during the fall, winter, and spring months, the… Read More »

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SBA Bridge Loans: Risks of Incurring Additional Debt

By Tampa Law Advocates |

When a restaurant, hotel or bar owner in the Tampa Bay area is struggling to stay in business due to a downturn, that restaurant or bar owner likely will be looking for short-term financing options, or a bridge loan to help them stay in business until they are able to make sufficient earnings again… Read More »

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Tampa/Florida Chapter 7 Bankruptcy and What Happens to Liquor Licenses

By Tampa Law Advocates |

Many bars and restaurants that open in Tampa end up having significant financial difficulties, and many end up realizing that they have more debts than they can adequately manage. In some cases, restaurants and bars may be able to reorganize their debts through Chapter 11 bankruptcy, which also allows the business to keep its… Read More »

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