Tag Archives: Tampa Bankruptcy Attorneys
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 »
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 »
“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 »
Bankruptcy and Family Support Obligations
If you file for Chapter 7 bankruptcy or Chapter 13 bankruptcy in Tampa Bay, what will the court do with regard to your family support obligations? For instance, imagine a debtor in Tampa decides to file for bankruptcy, and there is currently a court order in place that requires the debtor to make child… 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 the Automatic Stay in Bankruptcy
If you are thinking about filing for Chapter 11 bankruptcy in the Tampa Bay area, it is important to understand the protections offered by this form of bankruptcy. One of the most significant protections is the automatic stay. Under 11 U.S. Code § 362, seeking bankruptcy protection can prevent creditors from taking certain actions… Read More »
Will Chapter 11 Bankruptcy Last?
The American Bankruptcy Institute (ABI) recently released a report in which it questioned the staying power of Chapter 11 bankruptcy, according to an article in The New York Times. Should Tampa business owners be concerned about their ability to reorganize their debts by filing for bankruptcy? Proposed Changes to Chapter 11 Bankruptcy Laws The… Read More »
Getting a Fresh Start through Restaurant Bankruptcy
If you own a restaurant in the Tampa area and are considering filing for bankruptcy, it is important to know that you are not alone. To be sure, South Florida businesses file for Chapter 11 bankruptcy on a regular basis, and according to an article in QSR Magazine, bankruptcy might actually be able to… Read More »
