Monthly Archives: May 2024
Renewing a Hardship Accommodation on an SBA EIDL Loan
Did your business receive a loan from the US Small Business Administration (SBA) during the pandemic, and are you currently struggling with the terms of repayment? For many South Florida businesses that received SBA loans, and loans through the Economic Injury Disaster Loan (EIDL) program specifically, there are no existing pathways for forgiveness through… Read More »
When Should an Individual File for Chapter 11?
When an individual (or married couple) is considering a bankruptcy filing, the individual will typically be considering and determining their eligibility for two different types of bankruptcy: Chapter 7 bankruptcy and Chapter 13 bankruptcy. In general, Chapter 7 bankruptcy is a liquidation bankruptcy for individuals (as well as for businesses), while Chapter 13 bankruptcy… Read More »
Top Things to Know About Subchapter V Bankruptcies
Subchapter V is a relatively new type of bankruptcy that can make a reorganization bankruptcy significantly less complicated and less costly for smaller businesses in South Florida. Subchapter V became an option in terms of types of bankruptcy filings in 2020 when the Small Business Reorganization Act of 2019 (or SBRA) took effect. It… Read More »
What is the Appointment or Election of a Case Trustee?
Chapter 11 bankruptcy cases for businesses are often among the most complex types of bankruptcy cases. If you have a small business and limited amounts of debt, it is important to talk with a bankruptcy lawyer to determine whether your business could be eligible for file for the simpler and more streamlined Subchapter V… Read More »
