Chapter 13 bankruptcy is a viable solution for business owners and successful professionals with too much debt to balance their budgets but too much income to qualify for Chapter 7 bankruptcy proceedings. Unlike Chapter 7 bankruptcy which has strict income limits that...
Guiding business back on track.
Year: 2022
What if you lose your business during your Chapter 13 bankruptcy?
NOTE: Our law firm handles Chapter 13 for bankruptcy for business owners only. The different forms of bankruptcy can help people experiencing financial hardship make arrangements that will help them regain control over their budgets. For many people, Chapter 7 is the...
Can company creditors seek your assets after business bankruptcy?
A business bankruptcy can help you get rid of your remaining company debts when you close the company or can help you save the business by reorganizing your debts. Chapter 7 bankruptcy requires liquidation of company assets to repay creditors, while Chapter 11...
Can you cancel a Chapter 7 bankruptcy?
If you get yourself into a position where you can afford to repay your debt but you’re always working through a Chapter 7 bankruptcy, you may be wondering if you can cancel the bankruptcy and avoid having it on your record. Unfortunately, you don’t have the right to...
Getting your small business through a Chapter 13 bankruptcy
When your small business is struggling financially and you’re a sole proprietor, you need to start looking into solutions as quickly as you can. While bankruptcy might not be the first thing you try, it is a possible solution if you are still bringing in profits but...
Can you go to court in Florida to enforce a noncompete agreement?
Employers in Florida assume risks when they hire new workers. A company never knows when an employee might harass or abuse coworkers, or make mistakes on a production line or a construction project that cause expensive claims against the business. Employees are also a...
Do you have to close your small business if you go into bankruptcy?
When you are struggling with the debts you owe for your small business, it can be hard to want to think about bankruptcy. You may only have ever seen small businesses go through bankruptcy when closing, but that’s not necessarily what has to happen to yours....
Can business owners qualify for a Chapter 7 bankruptcy in Florida?
NOTE: Our law firm handles Chapter 7 for bankruptcy for business owners only. Debt issues can develop because of a car crash, a diagnosis with cancer, the loss of a job or even a failed business start-up. Those without the resources to address their mounting debts may...
What happens to a commercial lease in a business bankruptcy?
Business bankruptcy can be an opportunity to reduce expenses and preserve the business from possible failure. It can also be a step in the process of closing the company and liquidating its assets. The company can temporarily halt collection activity and present a...
Keep your employees with restructuring options
When your business has debts to handle and you’re not sure if you can make ends meet, it may seem like you’ll need to start cutting employee hours or lay some people off. If you want to keep your employees, you may have options that can help. If your company files for...