Tag Archives: Tampa Bankruptcy Attorneys
Chapter 11 and Bank Account Garnishments in Florida
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 »
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 »
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 »
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. In 2020, the COVID-19 pandemic sure did… Read More »
Keeping a House When Filing Chapter 7 Bankruptcy
Are you thinking about filing for Chapter 7 bankruptcy in the Tampa Bay area but have concerns about liquidating your possessions, particularly your home? Many debtors in Tampa have questions about how bankruptcy will impact their ability to keep a house. Indeed, you might be wondering whether Chapter 7 bankruptcy is actually right for… 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 »
Common Misconceptions About Chapter 7 Bankruptcy
When you have significant debts that you just can’t pay, filing for Chapter 7 bankruptcy might be a good option to help get your financial life back on track. In the Tampa area, consumers with high credit card bills and piling medical debts file for personal bankruptcy everyday. Yet many Floridians have heard myths… Read More »
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? Let’s look in particular at the requirement for the business owner to open 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… Read More »
Shopping Mall Bankruptcy
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 »
