Tag Archives: Tampa Bankruptcy Attorney
SBA Loans and How Collateral on Real Estate Works in a Bankruptcy
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 »
COVID Medical Expenses and Discharges Medical Bills in Chapter 7 Bankruptcy
Millions of Americans are experiencing significant financial difficulties as a result of the pandemic and are considering bankruptcy. This is including individuals and small business owners in the Tampa Bay area. For many Tampa-area residents, financial problems are compounded by illness due to COVID-19. To be sure, a large number of people in Florida… Read More »
Personal Guarantees on Commercial Leases When a Business Closes or Files Chapter 7
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 »
Subchapter V Chapter 11 Bankruptcy for Health Care Practice
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 »
SBA Loan Forgiveness and Bankruptcy | PPP Loan Discharge
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 »
Bankruptcy Fraud and Hiding Assets
Whether you are an individual who is thinking about filing for Chapter 7 or Chapter 13 bankruptcy, or if you are a small business owner in the Tampa Bay area and are considering Chapter 7 bankruptcy or Chapter 11 bankruptcy, it is important to understand how hiding assets could result in bankruptcy fraud charges…. Read More »
Chapter 11 Bankruptcy Considerations for Restaurants
What happens when a Tampa restaurant files for bankruptcy? It’s important to remember that filing for Chapter 11 bankruptcy doesn’t mean that your business will need to close. Given that Chapter 11 is a type of bankruptcy that involves the restructuring of debts—rather than the liquidation of assets and the “clean start” associated with… Read More »
The Role of the Trustee in a Chapter 11 Subchapter 5 Small Business Bankruptcy
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 »
Exceptions to the Chapter 7 Means Test for Non-Consumer Debt
When you are planning to file for bankruptcy as a result of your business debts, there are many issues you will need to consider. For instance, what type of business structure do you have, and will bankruptcy result in you filing for personal bankruptcy in addition to filing on behalf of your business? When… Read More »
Subchapter V of Chapter 11 for Small Business Debtors
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 »
