Business Bankruptcy Attorneys In Miami

Last updated on February 13, 2026

At Aaronson Schantz Beiley P.A., we offer small, medium and larger-sized businesses (with gross revenue between $2 million and $100 million) that are experiencing serious financial difficulties services designed to alleviate their fiscal pressures. If your business is struggling with debt, then it’s important to investigate possible options out of court or in state court, including the various types of bankruptcy proceedings that may be available.

Our attorneys do not offer a cookie-cutter approach. Sometimes, circumstances dictate that a form of proceeding under the United States Bankruptcy Code is required.

Helping Businesses Explore Their Bankruptcy Options

There are several types of business bankruptcies available. Our experienced business bankruptcy attorneys handle all of these types of bankruptcy options for businesses, corporations or partnerships.

• Chapter 11 for a business: This is a formal reorganization proceeding that allows for the most creative long-term plans to restructure debt. However, this is a somewhat formal proceeding that requires substantial administrative time and expense. The costs need to be weighed against the potential benefits.
• Subchapter 5 under Chapter 11: Subchapter 5 is a relatively new proceeding that is available for businesses with less than $7.5 million of total debt. It is less administratively cumbersome than Chapter 11 and provides for a more expedited reorganization and restructuring process.
• Chapter 13 for a business: This proceeding is only available to individuals with regular income and with unsecured debt of less than $394,725 and secured debt of less than $1,184,200. A business owner may find this type of bankruptcy to be helpful, but it is not generally employed to restructure business debt.
• Chapter 7 for a business: Chapter 7 is a liquidation proceeding and is generally not the best option if you are seeking to restructure debt and reorganize a business. Even if you are going out of business, there may be better ways to resolve with the creditors.

The type of bankruptcy that is appropriate in your case will depend on numerous factors, including the size and type of your business, how much secured debt and unsecured debt your business owes, the assets owned and associated with your company, whether there are related companies, the ownership structure, the viability of the business, tax obligations, guarantees, franchise agreements, lease agreements, and a host of other matters.

Understanding The Business Bankruptcy Process

When you start a business bankruptcy case, you want to know what will happen next. The process begins when you file and provide financial records that show the current state of your company. The court reviews these records and follows each step closely. You keep running the business during this period, and you make decisions that match your goals. This structure helps you move through the case with order and direction.

Explaining The Automatic Stay And Its Protections

The automatic stay gives you immediate relief. Creditors must stop lawsuits, garnishments and other collection efforts when you file.

The stay also blocks repossessions and foreclosure actions that can disrupt your operations. This protection gives you room to manage cash flow and keep the business stable while the case moves forward.

Evaluating The Chapter 11 And Subchapter 5 Timeline

You face a clear series of steps when you file under Chapter 11. You address early motions, make disclosures and prepare a plan during the exclusivity period. The court reviews your plan before you move ahead.

Subchapter 5 gives you a faster path. You attend a status conference within 30 days, and you usually file a plan within 90 days. Many small and midsize companies finish Subchapter 5 cases within six months to one year.

Addressing Executory Contracts And Commercial Leases

Bankruptcy gives you the chance to fix or end agreements that affect your operations. You can keep a contract if you cure missed payments and show you can meet future terms. You can end a contract if it drains resources. Many owners use this option with commercial leases, vendor agreements and service contracts to reduce expenses and improve flexibility.

Recognizing The Role Of The U.S. Trustee In The Case

You must meet the requirements set by the U.S. trustee. You file operating reports, share financial information and attend the Section 341 meeting of creditors. These steps help the court and creditors understand how your business performs while the case progresses.

Considering Florida Exemptions For Business Owners

Florida law may protect some of your personal assets if you guaranteed business debt. The homestead exemption shields a primary residence, and state law protects wages, personal property and retirement accounts. These rules help you evaluate your exposure when your business faces financial pressure.

Avoiding Problematic Actions Before Filing

You should avoid large transfers, insider payments or sudden asset changes before filing. These actions can cause delays and increase scrutiny. Careful planning helps you prevent problems and keeps your case on track.

Frequently Asked Questions About Business Bankruptcy

Bring your questions, such as the following, to our attention for personalized answers and advice.

What bankruptcy options are most appropriate for midsize businesses?

Depending on the size of a business and its debt load, a Chapter 11 bankruptcy or Subchapter 5 under Chapter 11 is likely to fulfill the needs of a midsize business.

Does business bankruptcy affect the personal assets of business owners?

If business owners have kept their personal finances separate from those of the business, the business bankruptcy should not infringe on the owners’ personal assets. However, sometimes, business owners commingle their finances – such as by guaranteeing business debt with their personal assets. In such cases, there may be an impact on the owner’s personal finances when the business files for bankruptcy. Get legal advice to determine whether your personal finances are at risk in connection with your business’s bankruptcy.

Can a business file for bankruptcy and stay open?

Very often, the answer is yes. Chapter 11 bankruptcy is designed to facilitate continuity of operations in conjunction with debt reorganization. Our lawyers understand that you do not likely want to lose ongoing orders and customers while going through bankruptcy. This goal will help them structure the business bankruptcy solution that is best for your business.

Our bankruptcy attorneys at Aaronson Schantz Beiley P.A. will consult with you to review all aspects of your enterprise and help determine the most effective and efficient way to proceed. They will discuss the options with you because they believe that the ultimate decision is yours, the business owner.

Our Team Can Help You Find A Debt Relief Solution For Your Business

Our lawyers at Aaronson Schantz Beiley P.A. are ready to work with you to find the best solution for you and your company. They will take time to meet with you in order to review your present situation. Contact us today by calling us at 786-600-6940 or filling out our short contact form. Our team is ready to help you through this difficult time. We deal with commercial matters and other issues involving large companies and large amounts of money.

Aaronson Schantz Beiley P.A. is a debt relief agency. We help businesses and individuals file for bankruptcy relief under the Bankruptcy Code.