Switch to ADA Accessible Theme
Close Menu

Tag Archives: Business Debt

BankrLaw

The Role of the Trustee in a Chapter 11 Subchapter 5 Small Business Bankruptcy

By Tampa Law Advocates |

If your business is struggling to remain afloat, particularly as a result of the COVID-19 pandemic, you may be thinking about your options for a small business bankruptcy. Many restaurants and bars in Tampa Bay have been under immense financial strain, as have other types of retail establishments in the area. If you need… Read More »

Facebook Twitter LinkedIn

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 »

Facebook Twitter LinkedIn
Bankr28

Subchapter V of Chapter 11 for Small Business Debtors

By Tampa Law Advocates |

Small business debtors in the Tampa Bay area that are planning to file for Chapter 11 bankruptcy should know that they can now elect to file for bankruptcy under Subchapter V of the U.S. Bankruptcy Code. This change occurred through the passage of H.R. 3311, also known as the Small Business Reorganization Act of… Read More »

Facebook Twitter LinkedIn
bankruptcy options are available

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 »

Facebook Twitter LinkedIn

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 »

Facebook Twitter LinkedIn

Fraudulent Transfers and Chapter 7 Bankruptcy

By Tampa Law Advocates |

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 § 548, debtors have certain obligations with regard to property transfers before they seek bankruptcy protection. Generally speaking, debtors cannot transfer… Read More »

Facebook Twitter LinkedIn

Bankruptcy Liquidation for Tampa Restaurant and Bar Owners

By Tampa Law Advocates |

If you currently own a restaurant or bar in the Tampa Bay area and are struggling to keep your business solvent, you may be thinking about filing for bankruptcy. It is important for small business owners to understand the different forms of bankruptcy protection for which they may be eligible, and to understand the… Read More »

Facebook Twitter LinkedIn

Chapter 11 Bankruptcies Decline in South Florida

By Tampa Law Advocates |

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 »

Facebook Twitter LinkedIn
620 East Twiggs Street, Suite 110
Tampa, FL 33602

Get Directions
MileMark Media - Practice Growth Solutions

© 2020 Tampa Law Advocates, P.A. All rights reserved.
This law firm website and legal marketing are managed by MileMark Media.