Monthly Archives: January 2025
Protecting Personal Assets in Bankruptcy
In a bankruptcy case, one of the major concerns that many debtors have is how and whether they can protect personal assets. It is important to know that business bankruptcy cases do not involve personal assets (unless the business is a sole proprietorship, or unless there is an issue in which one of the… Read More »
How Bankruptcy Can Benefit South Florida Small Businesses
If you run a small business in South Florida and are struggling with business debt, have you considered the possibility of a business bankruptcy? According to a study reported in PR Newswire and conducted by researchers at Brigham Young University, Harvard University, University of Chicago, and University of Toronto, small business owners do not… Read More »
Bankruptcy and Unemployment: What to Know
Financial difficulties and plans to file for personal bankruptcy often go hand in hand. For many residents of South Florida, financial struggles begin or are exacerbated by a job loss. In some cases, debtors are unable to find another job, and financial difficulties worsen. Even when debtors are able to find new employment, they… Read More »
Common Mistakes Before Business Bankruptcy Filings
When your business is facing financial uncertainty or financial difficulties, you may be discussing the possibility of a bankruptcy filing. As you consider your options, it is important to know that there are some common mistakes that business owners make leading up to a bankruptcy case, and you can avoid them by planning ahead…. Read More »
Congress to Consider New Consumer Bankruptcy Proposal
Congress may soon consider a new bankruptcy reform bill introduced by Senator Elizabeth Warren, according to CBS News. Warren has previously moved to introduce legislation aimed at bankruptcy reform, and she plans to reintroduce a bill for the Consumer Bankruptcy Reform Act. In a statement connected to the proposed legislation, Warren emphasized that, when… Read More »
How Bankruptcy Can Stop Creditors from Suing You
Florida residents who are struggling with debt often find themselves in stressful situations where it seems impossible to get the debt under control. In addition to the anxiety that dealing with seemingly insurmountable debt often brings, many debtors worry that they will face legal action from creditors or debt collectors. If you are in… Read More »
What Is a Single Asset Real Estate Debtor and Why Does It Matter?
Any smaller business in South Florida that is currently considering a Subchapter V bankruptcy filing has likely come across information about the “single asset real estate debtor,” and how this type of debtor is ineligible for Subchapter V. If your business has any type of real estate dealings, you may be confused about what… Read More »
Can My Business Continue to Serve Customers After Bankruptcy?
When a business owner (or group of owners) is considering filing for bankruptcy, one of the most frequent questions they have is: can my business continue to serve customers, either during or after the bankruptcy? The answer to this question depends on different factors, including, most importantly, the type of business bankruptcy that the… Read More »
Bankruptcy Options for Florida Family Businesses
Small, family-owned businesses are an important part of the South Florida economy, and many of them have been operating for decades. Indeed, many family-owned businesses have been in families for multiple generations, and it is important for the present owners to keep the businesses operational and in a healthy financial state. According to the… Read More »
Why Debtors Choose Reorganization Bankruptcy
Any individual or business currently considering bankruptcy should know about different types of bankruptcies, and their relative benefits and limitations. There are several types of reorganization bankruptcy that may be available to individuals and businesses based on their particular circumstances. While each type of reorganization bankruptcy has its own processes and distinctions, the overall… Read More »
