Tag Archives: Business Bankruptcy Filings
Business Lender and Personal Guarantees
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 »
SBA Bridge Loans: Risks of Incurring Additional Debt
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 »
Will Chapter 11 Bankruptcy Last?
The American Bankruptcy Institute (ABI) recently released a report in which it questioned the staying power of Chapter 11 bankruptcy, according to an article in The New York Times. Should Tampa business owners be concerned about their ability to reorganize their debts by filing for bankruptcy? Proposed Changes to Chapter 11 Bankruptcy Laws The… Read More »
Chapter 11 Bankruptcies Decline in South Florida
How common is Chapter 11 bankruptcy in South Florida? According to a recent article in Miami Today, business bankruptcy filings, including Chapter 11, are on the decline. In order to understand the factors involved in this drop in filings—and whether it’s likely here to stay—it’s important to understand the basic kinds of bankruptcy and… Read More »
