October 2020

20
Oct

Commercial Bankruptcy 101 – What Are Your Options?

Bankruptcy laws have been around for many years but unless you have been through the process, you may have unwarranted preconceived notions based on second-hand information.  However, when businesses are in financial straits, bankruptcy may be an option to consider.  In this article, our bankruptcy attorneys explain filing types that may be an option for your business.¹       Who Files for Bankruptcy?     Both individuals

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14
Oct

What is Chapter 12 Bankruptcy?

Modeled after Chapter 13 bankruptcy, Chapter 12 is a relatively new addition to bankruptcy laws. It provides reorganizational advantages and financial relief specifically for family farmers and fisherman in debt. Today, our Tampa, FL based bankruptcy attorneys shed light on this bankruptcy option for seasonal businesses.     About Chapter 12 Bankruptcy    When most business owners think of bankruptcy law, they tend to think of Chapter 11, 13, or 7. In addition to these three types of bankruptcy, there is also what’s referred to as Chapter 12. This form of bankruptcy law allows “family farmers” and “family fisherman” to avoid foreclosure or liquidation by restructuring their finances. Essentially,

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