Tag Archives: Chapter 7 Bankruptcy

RestBank

How Does a Restaurant Close Down If It Wants to File for Chapter 7 Bankruptcy?

By Samantha L. Dammer, Esq. |

If you are a restaurant owner in the Tampa Bay area and are planning to file for Chapter 7 bankruptcy, we know that you probably have numerous questions about how to begin the process of closing down your business. What will you do with perishable items? What are you supposed to do with the… Read More »

Bankr17

Chapter 11 and Bank Account Garnishments in Florida

By Samantha L. Dammer, Esq. |

Most businesses in the Tampa Bay area that file for Chapter 11 bankruptcy expect that they will benefit from the automatic stay connected to their bankruptcy filing. The automatic stay is designed to prevent creditors from taking any additional actions to collect on debt, and in most cases the automatic stay prevents any lawsuits… Read More »

Bankr16

The HAVEN Act and Veterans Benefits in Bankruptcy

By Samantha L. Dammer, Esq. |

For veterans in Florida who need bankruptcy protection and are considering filing for Chapter 7 bankruptcy, the prospect of passing the “means test” can be complicated and, in some cases quite difficult, given the way in which current bankruptcy law requires courts to consider certain veterans’ benefits as part of a veteran’s income. In… Read More »

Bankr22

Collecting a Judgment Against a Corporation After Chapter 7 Bankruptcy

By Samantha L. Dammer, Esq. |

Corporations, as well as individuals, can file for Chapter 7 bankruptcy in order to have debts discharged. For both businesses and consumers who file for Chapter 7 bankruptcy, there are certain protections associated with filing for bankruptcy, including the automatic stay, which prevents creditors from continuing to collect on debts as soon as the… Read More »

Shopping Mall Bankruptcy

By Samantha L. Dammer, Esq. |

Insolvent Businesses and Bankruptcy Auctions When a business becomes insolvent, it’s unlikely that a bankruptcy court will approve a Chapter 11 reorganization. To be sure, it’s pretty difficult for such a business to prove that it might be able to repay any debts. And that’s exactly what happened recently in Plantation, Florida. According to… Read More »

LiquorLic

Tampa/Florida Chapter 7 Bankruptcy and What Happens to Liquor Licenses

By Samantha L. Dammer, Esq. |

Many bars and restaurants that open in Tampa end up having significant financial difficulties, and many end up realizing that they have more debts than they can adequately manage. In some cases, restaurants and bars may be able to reorganize their debts through Chapter 11 bankruptcy, which also allows the business to keep its… Read More »

Bankr15

Why a Chapter 7 Debtor Should Never Sign a Reaffirmation Agreement

By Samantha L. Dammer, Esq. |

For debtors in the Tampa Bay area who are thinking about filing for Chapter 7 bankruptcy, it is important to learn more about reaffirmation agreements and how they can affect your bankruptcy discharge. As you may know, Chapter 7 bankruptcy is also called liquidation bankruptcy, which refers to the fact that a debtor’s assets… Read More »

Fraudulent Transfers and Chapter 7 Bankruptcy

By Samantha L. Dammer, Esq. |

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 »