Tag Archives: Filing for Bankruptcy
Filing Chapter 11 for a Franchised Business
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 »
Chapter 11 Bankruptcies and Commercial Leases in Shopping Centers
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 »
Car Titles and Chapter 7 Bankruptcy
If you are thinking about filing for Chapter 7 bankruptcy in the Tampa Bay area, you probably have questions about how your bankruptcy will affect your personal vehicle. Given that most Tampa residents rely on their vehicles to get to work and to get around the city more generally, the prospect of losing a… Read More »
Recent Changes to Bankruptcy Law: What You Should Know About the Small Business Reorganization Act
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 »
Chapter 11 Bankruptcy: Stopping Factoring Companies and Companies with Consent Judgments from Collecting from the Business Bank Account
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 »
Small Business Chapter 11 Cases for Restaurants
What Questions Should You Ask Before You File For Chapter 11 Bankruptcy in Tampa? As many restaurant owners in the Tampa Bay area know, business can be tough at certain times of the year. Given that much of the South Florida economy is based on tourism during the fall, winter, and spring months, the… Read More »
Keeping Control of Your Business as a Debtor-in-Possession in Chapter 11 Bankruptcy
When you own a business in the Tampa Bay area and you are thinking about filing for Chapter 11 bankruptcy, you might be wondering whether and how you will be able to retain control of your business. As a website for the United States Courts explains, Chapter 11 bankruptcy cases are known as “reorganization”… Read More »
Fraudulent Transfers and Chapter 7 Bankruptcy
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 »
Real Estate Transfers Before Bankruptcy
Are you considering filing for bankruptcy in the Tampa Bay area? You may need to think carefully about any recent real estate transfers you have made or any real property transfers that you are thinking about making before filing. In short, if you transfer real property in relatively close time proximity to filing for… Read More »
Learning More About Wage Garnishment and Bankruptcy in Tampa
What is wage garnishment, and how does it impact debtors in the Tampa Bay area? To better understand the situations in which your wages can be garnished, and the ways in which filing for personal bankruptcy may be able to provide you with some protection from wage garnishment, we should take a closer look… Read More »
