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Tag Archives: Chapter 11 Bankruptcy

Bank12

SBA Loans and How Collateral on Real Estate Works in a Bankruptcy

By Samantha L. Dammer, P.A. |

Businesses throughout the Tampa Bay area applied for loans through the U.S. Small Business Administration (SBA) as a result of losses caused by the COVID-19 pandemic. Some types of SBA loans disbursed through the CARES Act, and which may be newly available to business owners in a second round of lending, do not require… Read More »

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BankAtty

What Happens When a Business Got SBA Loans and Later Went through Bankruptcy?

By Samantha L. Dammer, P.A. |

In Spring of 2020 and later, many businesses throughout the Tampa Bay area received SBA loans as a form of COVID-19 relief. Those loans included loans through the Economic Injury Disaster Loans (EIDL) program and Paycheck Protection Program (PPP) loans. For some of those businesses, the loans were sufficient to cover the significant losses… Read More »

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Bankr19

Personal Guarantees on Commercial Leases When a Business Closes or Files Chapter 7

By Samantha L. Dammer, P.A. |

When a business in the Tampa Bay area is struggling to pay its debts and to keep its doors open, the business owners might be considering the possibility of business bankruptcy or closure. For many businesses, Chapter 11 bankruptcy is the best option because it allows the business to remain open while reorganizing debts… Read More »

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In Bankruptcy Because of Seller Fraud in a Purchased Business

By Samantha L. Dammer, P.A. |

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.  Sadly, a bad business purchase can lead to the loss of life savings, retirement funds, and personal bankruptcy. Meet “Bob” from Michigan. Bob worked in the corporate world… Read More »

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Bankr30

Filing Chapter 11 for a Franchised Business

By Samantha L. Dammer, P.A. |

If you own a franchised business or if you are a franchisor in the Tampa Bay area and you are considering Chapter 11 bankruptcy, it is critical to understand that your bankruptcy case will be a bit different from a business bankruptcy for a company that is not a franchise. Most significantly, your bankruptcy… Read More »

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Bank7

Subchapter V Chapter 11 Bankruptcy for Health Care Practice

By Samantha L. Dammer, P.A. |

Health care providers in the Tampa Bay area who own their private health care practices have essentially taken on the professional roles of both health care provider and small business owner. To be sure, health care practices are businesses that have many things in common with other types of businesses in Florida, including managing… Read More »

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Bank1

SBA Loan Forgiveness and Bankruptcy | PPP Loan Discharge

By Samantha L. Dammer, P.A. |

Many small businesses in the Tampa Bay area applied for and have received SBA loans, including funding that has come from the Paycheck Protection Program (PPP) and the Economic Injury Disaster Loan (EIDL) program. In theory, if these businesses meet the requirements outlined by the U.S. Small Business Administration (SBA), they can be eligible… Read More »

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BankrLaw

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

By Samantha L. Dammer, P.A. |

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 »

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Bankruptcy1

Chapter 7 for The Small Business Owner

By Samantha L. Dammer, P.A. |

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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ShoppingCenter

Chapter 11 Bankruptcies and Commercial Leases in Shopping Centers

By Samantha L. Dammer, P.A. |

Shopping centers in the Tampa Bay area house many different types of businesses, from restaurants and bars to retail establishments. When a business in a Tampa Bay shopping center files for Chapter 11 bankruptcy, there are numerous issues that both the business owner and the commercial landlord will need to consider. While the business… Read More »

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