Tag Archives: Tampa Bankruptcy Lawyer
COVID-19 SBA Loans and Personal Guarantees
Many businesses in the Tampa Bay area have struggled as a result of the COVID-19 emergency, and some are considering bankruptcy. As a result of the Florida governor’s stay-at-home order, businesses that were not identified as “essential” could not remain open with regular hours and regular employees. For those non-essential businesses, the coronavirus pandemic… Read More »
Protecting Business LLC Interests in a Personal Chapter 7 Bankruptcy
Business owners in the Tampa Bay area often file for Chapter 7 bankruptcy. In some cases, those business owners have a sole proprietorship, which is a type of business in which company and personal financial assets are linked. In other words, the business is directly tied to the individual, and the individual’s personal debts… Read More »
The HAVEN Act and Veterans Benefits in Bankruptcy
For veterans in Florida who need bankruptcy protection and are considering filing for Chapter 7 bankruptcy, the prospect of passing the “means test” can be complicated and, in some cases quite difficult, given the way in which current bankruptcy law requires courts to consider certain veterans’ benefits as part of a veteran’s income. In… Read More »
Common Misconceptions About Chapter 7 Bankruptcy
When you have significant debts that you just can’t pay, filing for Chapter 7 bankruptcy might be a good option to help get your financial life back on track. In the Tampa area, consumers with high credit card bills and piling medical debts file for personal bankruptcy everyday. Yet many Floridians have heard myths… Read More »
Collecting a Judgment Against a Corporation After Chapter 7 Bankruptcy
Corporations, as well as individuals, can file for Chapter 7 bankruptcy in order to have debts discharged. For both businesses and consumers who file for Chapter 7 bankruptcy, there are certain protections associated with filing for bankruptcy, including the automatic stay, which prevents creditors from continuing to collect on debts as soon as the… Read More »
Shopping Mall Bankruptcy
Insolvent Businesses and Bankruptcy Auctions When a business becomes insolvent, it’s unlikely that a bankruptcy court will approve a Chapter 11 reorganization. To be sure, it’s pretty difficult for such a business to prove that it might be able to repay any debts. And that’s exactly what happened recently in Plantation, Florida. According to… Read More »
Tampa/Florida Chapter 7 Bankruptcy and What Happens to Liquor Licenses
Many bars and restaurants that open in Tampa end up having significant financial difficulties, and many end up realizing that they have more debts than they can adequately manage. In some cases, restaurants and bars may be able to reorganize their debts through Chapter 11 bankruptcy, which also allows the business to keep its… Read More »
Chapter 11 Bankruptcy for Individuals Who Want to Keep Investment Real Estate
If you own a business in the Tampa Bay area and are thinking about filing for bankruptcy, you probably have a number of questions about what will happen to your property. As you may know, a business owner has different options for bankruptcy protection. Typically, if you own a restaurant or another type of… Read More »
Bankruptcy Liquidation for Tampa Restaurant and Bar Owners
If you currently own a restaurant or bar in the Tampa Bay area and are struggling to keep your business solvent, you may be thinking about filing for bankruptcy. It is important for small business owners to understand the different forms of bankruptcy protection for which they may be eligible, and to understand the… Read More »
Business Debts Versus Consumer Debts in Bankruptcy
Making the decision to file for bankruptcy can be a difficult one, regardless of the types of debts you have incurred that have put you in a financially untenable position. For Tampa business owners, it can be complicated to categorize your debts as consumer debts or as business debts. But it is extremely important… Read More »
