Guiding business back on track.
A lot of people think of bankruptcy and insolvency as the same thing. Some think insolvency always leads to bankruptcy. Neither of these things are true. A business is considered insolvent if it can’t pay its bills or other financial obligations on time. Insolvency...
Covering the costs of worker wages and benefits is a major source of financial strain for many midsize businesses. They may have dozens or even hundreds of employees, and those workers can be a source of financial pressure when the company isn't in the black....
Entrepreneurs and investors may decide to start franchises because it minimizes the effort required to open a new business. Instead of building a brand from the ground up, they essentially buy into an existing organization. The franchise approach can streamline the...
When a company cannot balance its budget, drastic action may be necessary. Some organizations face such significant financial challenges that the only options available are either bankruptcy or dissolution of the organization. The company has too many obligations and...
Entrepreneurs who start their own businesses and those who inherit a family company want to see their organizations thrive. When a company starts to struggle, they may work long hours and try to come up with creative solutions to keep the company afloat. Ideally, they...
Commercial landlords theoretically have a stable stream of income at their disposal. The typical commercial lease lasts for somewhere between two and five years. In many cases, some of the maintenance costs for the commercial facility pass directly to the tenant. If...
Struggling businesses in Florida may have a hard time covering recurring costs. Sometimes, organizational leadership determines that a bankruptcy filing is the best potential solution available. The decision to file for bankruptcy can prevent collection efforts that...
Many see bankruptcy as the end of the road, but it doesn't have to be. In fact, it can be the beginning of a new journey. Starting a business in Miami after filing bankruptcy is a chance to wipe the slate clean and start anew with lessons learned from past...
Restructuring can pull a business back from the edge of insolvency and help optimize the company's operations. Restructuring is often necessary after a period of rapid growth or when there have been shifts in the domestic market. Successful restructuring typically...
Every business owner encounters financial obstacles. If you run a company, you know that economic downturns, unexpected expenses or a shift in customer preferences can throw your cash flow out of whack. While bankruptcy might seem like the only option, there are steps...
