Tag Archives: Automatic Stay
How Florida Franchise Business Owners Can Seek Relief from Creditors in Bankruptcy
How Florida Franchise Business Owners Can Seek Relief from Creditors in Bankruptcy Running a franchise in the Tampa Bay area can be a rewarding business venture, but like any business, it comes with financial risks. Unexpected downturns, operational challenges, or even external factors like economic shifts can put franchise owners in a difficult financial… Read More »
In Bankruptcy Because of Seller Fraud in a Purchased Business
All too often we meet clients who moved down to Florida with hopes of being in business for themselves. The story is the same each time. Sadly, a bad business purchase can lead to the loss of life savings, retirement funds, and personal bankruptcy. Meet “Bob” from Michigan. Bob worked in the corporate world… Read More »
Subchapter V of Chapter 11 for Small Business Debtors
Small business debtors in the Tampa Bay area that are planning to file for Chapter 11 bankruptcy should know that they can now elect to file for bankruptcy under Subchapter V of the U.S. Bankruptcy Code. This change occurred through the passage of H.R. 3311, also known as the Small Business Reorganization Act of… Read More »
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 »
Chapter 11 Bankruptcy: Stopping Factoring Companies and Companies with Consent Judgments from Collecting from the Business Bank Account
When a business files for bankruptcy and wants to remain open, it will typically file for Chapter 11 bankruptcy. Chapter 11 bankruptcy is a reorganization type of bankruptcy that allows a company to remain operational while it develops a repayment plan for its debts. If the business meets the terms of the repayment plan—typically… 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 »
The Automatic Stay, Commercial Leases, and Restaurant Bankruptcy
What do you need to know about the automatic stay if you are a restaurant owner considering bankruptcy? For many restaurant owners in the Tampa Bay area who file for Chapter 11 bankruptcy, there are a number of questions about how your landlord’s actions for past rent may change as a result of bankruptcy… Read More »
