Tag Archives: Chapter 11 for Restaurants

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Recent Changes to Bankruptcy Law: What You Should Know About the Small Business Reorganization Act

By Samantha L. Dammer, Esq. |

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 Samantha L. Dammer, Esq. |

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 Samantha L. Dammer, Esq. |

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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Chapter 11 Bankruptcy: Stopping Factoring Companies and Companies with Consent Judgments from Collecting from the Business Bank Account

By Samantha L. Dammer, Esq. |

When a business files for bankruptcy and wants to remain open, it will typically file for Chapter 11 bankruptcy. Chapter 11 bankruptcy is a reorganization type of bankruptcy that allows a company to remain operational while it develops a repayment plan for its debts. If the business meets the terms of the repayment plan—typically… Read More »

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Closing a Restaurant in Tampa Bay

By Samantha L. Dammer, Esq. |

Closing a Restaurant or Bar in Tampa Bay? The COVID-19 virus has wreaked financial havoc for bars and restaurants in Tampa.   In March of 2020, the Governor ordered all bars to be closed temporarily, and restaurants can only provide take-out services.  Many business owners are deciding to close down completely.  This is of… Read More »