Tag Archives: Bankruptcy Protection
Chapter 11 Post-Petition Payments to Food Vendors
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 »
Fraudulent Transfers and Chapter 7 Bankruptcy
If you are thinking about filing for Chapter 7 bankruptcy in the Tampa area, it is important to understand limitations on property transfers and what might be considered fraud. Under 11 U.S. Code ยง 548, debtors have certain obligations with regard to property transfers before they seek bankruptcy protection. Generally speaking, debtors cannot transfer… Read More »
