Recent Blog Posts
Chapter 11 Bankruptcy Filing Requirements: An Overview
When seeking bankruptcy protection under Chapter 11, businesses must submit multiple pleadings, forms and supporting documents to the U.S. Bankruptcy Court. As filing deficiencies can delay—or potentially even compromise—the bankruptcy process, businesses must work closely with their counsel to ensure that they meet all applicable requirements. Generally, businesses filing for bankruptcy protection under Chapter… Read More »
7 Ways a Lawyer Can Help with the Chapter 11 Bankruptcy Process
Filing for bankruptcy under Chapter 11 is a viable option for many businesses that are struggling financially. But, while Chapter 11 is designed to help businesses get back on solid financial ground, navigating the bankruptcy process can prove challenging. As a result, businesses seeking to reorganize their debts under Chapter 11 need experienced bankruptcy… Read More »
10 Common Roadblocks in Chapter 11 Bankruptcy Cases
While most Chapter 11 bankruptcy filings go smoothly, it is possible for a variety of issues to arise along the way. Overcoming these issues costs time and money, and thus it is generally best to avoid them if possible. Hiring experienced business bankruptcy counsel can mitigate the risk of issues getting in the way… Read More »
10 Common Misconceptions about Filing for Business Bankruptcy Under Chapter 11
There are lots of misconceptions about bankruptcy. While some people assume that businesses that file are on the brink of failure, others assume that filing for bankruptcy is simply a way for large companies to get away with not paying their debts. But, the reality is that, for most businesses, filing for bankruptcy is… Read More »
15 Common Mistakes to Avoid When Filing for Bankruptcy Under Chapter 7
Filing for bankruptcy under Chapter 7 as an individual or business is a process that requires planning, preparation and active participation along the way. Mistakes before or during the process can prove costly—and, in many cases, they can lead to denial of the debtor’s petition in its entirety. As a debtor seeking relief under… Read More »
5 Issues That Can Lead to Denial of a Chapter 7 Bankruptcy
When you file for bankruptcy under Chapter 7, the outcome of your filing is not a foregone conclusion. While many people have the perception that they can expect to simply file and receive a fresh start (largely due to misleading advertisements from non-law firm servicers), this is not the case. Filing for bankruptcy under… Read More »
Answers to Frequently Asked Questions (FAQs) about Chapter 11 Bankruptcy
Filing for Chapter 11 bankruptcy is a viable solution for many businesses that are struggling to pay their debts as they come due. Unlike filing for Chapter 7 bankruptcy, which typically results in liquidation, filing under Chapter 11 allows businesses to continue operating under a “reorganized” debt structure. If you are considering a Chapter… Read More »
Chapter 7 Bankruptcy for Business Owners: When (and How) Do You Qualify?
As a business owner, you take calculated risks. You make decisions that you think will help drive your business to success, but success is far from guaranteed. The current economic conditions have hit many small and medium-sized business owners particularly hard, and many are struggling despite making decisions that likely would have led to… Read More »
12 Key Lease Terms for Florida Real Estate Investors
For many real estate investors in Florida, maintaining tenant occupancy is the key to a profitable investment. But, while investors may be anxious to get renters into their properties, they need to be careful to ensure that they have sound lease agreements first. Rushing into a rental arrangement with a poorly drafted lease can… Read More »
Should You File for a “Small Business” Bankruptcy Under Chapter 11?
Enacted in 2019, the federal Small Business Reorganization Act (SMRA) established special procedures for small businesses seeking to reorganize their debts under Chapter 11 of the U.S. Bankruptcy Code. As explained in Business Law Today shortly after the SBRA’s enactment, “the act lowers costs and streamlines the plan confirmation process to better enable small… Read More »