Tag Archives: Tampa Bankruptcy Attorney
What Happens if a Small Business Chapter 11 Bankruptcy Has to Get Converted Into a Chapter 7?
Many businesses in the Tampa Bay area, like restaurants and retail establishments, realize that they are having difficulty paying their bills and managing the upkeep of the business. In some cases, a business’s financial problems are seasonal. For example, a restaurant might struggle during the spring and summer months when fewer tourists and part-time… Read More »
Debtor-in-Possession Bank Accounts and Rules: What Happens When You File a Chapter 11 for a Small Business?
What happens when a small business in the Tampa Bay area files for Chapter 11 bankruptcy, in particular the debtor-in-possession bank account? What rules does the debtor have to follow? In order to understand the answers to these questions, it is important to learn more about Chapter 11 bankruptcy for small businesses and to… Read More »
Chapter 11 for Restaurants and Handling Payroll Taxes
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 »
Why a Chapter 7 Debtor Should Never Sign a Reaffirmation Agreement
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 »
Commercial Leases in Chapter 11 Bankruptcy
Filing for bankruptcy in Tampa Bay is a stressful process for any business owner. Generally speaking, business owners file for one of two different types of bankruptcy: Chapter 7 or Chapter 11. In a Chapter 7 bankruptcy, the business owner does not have any real options for keeping the business open since this is… Read More »
“Chapter 20” Bankruptcy
What is “Chapter 20” bankruptcy, and how does it related to Chapter 7 and Chapter 13 bankruptcy? In some ways, it is a combination of filing for Chapter 7 bankruptcy and Chapter 13 bankruptcy. However, it is important to recognize that there is no such thing as “Chapter 20” bankruptcy under the U.S. Bankruptcy… Read More »
Small Business Retail Stores That Have to Go Through Bankruptcy in Tampa Malls
Retail stores are going out of business and filing for bankruptcy across the country, including in the Tampa Bay area. According to a recent article in The Atlantic, the year 2017 saw a kind of “retail meltdown” in which small retail stores throughout the nation are closing. To be sure, despite being “in the… Read More »
Retail Commercial Leases in Chapter 11 Small Business Cases
If you run a small business in the Tampa Bay area and are considering Chapter 11 bankruptcy, we know that you have many questions about moving forward with your business. For instance, can you keep your business open throughout Chapter 11 bankruptcy? Will any of your business assets need to be liquidated? And perhaps… 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 »
Individual Chapter 11 Cases for People Who Have Too Much Debt to File Chapter 13
Most individual bankruptcy filings in the Tampa Bay area will be under Chapter 7 or Chapter 13. To be sure, when we think about personal bankruptcy, we often do not think about Chapter 11 bankruptcy, which is used most often by struggling businesses, such as restaurants in downtown Tampa. However, there may be certain… Read More »
