Tag Archives: Tampa Bankruptcy Attorney
Tampa Businesses Struggling with EIDL Loans: How Chapter 7 Bankruptcy Can Prevent Treasury Collections
TAMPA, FL — As pandemic-era relief programs wind down, many small businesses in Tampa find themselves in a financial bind. One major source of distress: Economic Injury Disaster Loans (EIDLs). These federal loans, issued by the U.S. Small Business Administration (SBA), provided vital funding during COVID-19 shutdowns — but now, thousands of Tampa… Read More »
Chapter 11 Bankruptcy And PPP Loans, SBA Loans
The SBA has begun pursuing collections against small businesses for the EIDL loans that were not forgiven. In the Tampa Bay area, we are seeing a lot of businesses having to appeal decisions made by the SBA regarding their forgiveness applications. Fortunately there are legal options. Businesses throughout the Tampa Bay area that have… Read More »
Chapter 11 And SBA Loan Cram Downs
Any business in the Tampa Bay area that received an SBA loan and has since filed for Chapter 11 bankruptcy may be concerned about creditor objections to the treatment of SBA loans in a reorganization plan, particularly those loans with collateral and personal guarantees. In some situations, it may be possible for business debtors… Read More »
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 »
