On June 21, President Biden signed into law the Bankruptcy Threshold Adjustment and Technical Corrections Act (BTATCA). The law extends by two years the $7.5 million debt limit for Subchapter V bankruptcies, which was included as a temporary COVID relief measure in the 2020 Coronavirus Aid, Relief and Economic Security Act (CARES). The BTATCA also […]
For an entrepreneur, one of the most distressing aspects of filing for bankruptcy can be imagining its aftermath — can I continue to own my business after a Chapter 11 filing? With extensive experience in this area, Jennis Morse attorney Mary Joyner says that under certain circumstances, the answer is yes. Typically, a judge in […]
For a business owner, financial difficulties and other issues impeding their organization’s progress can be very stressful. If such issues lead to filing for bankruptcy, does that mean the organization will go out of business? Not necessarily, says Mary Joyner, attorney with Jennis Morse. The future of a business after a bankruptcy filing depends on […]
Bankruptcy filings by medical facilities are on the rise in the COVID-19 era. Because of issues related to the pandemic, many healthcare facilities — from hospitals to assisted living facilities (ALFs) to outpatient surgery locations and more — may face insolvency issues due to lower revenues as well as litigation-related issues due to COVID. Most […]
Receiving a notice of bankruptcy in the mail can elicit a wide range of emotions. For creditors — those who are owed something by an organization or person — there can be feelings of panic or indignation at the thought of not getting what you are owed. That’s where experienced guidance can help — beginning […]
CPAs are an integral part of a debtor’s team to navigate a chapter 11 bankruptcy. If its the CPA’s first foray into the arena, he/she may be surprised at some of the nuances to the path and may not now the particular tasks he/she will be called upon. Here are 6 of the most important […]
David Jennis and Daniel Etlinger recently presented to a group of both St. Leo University students as well as local business owners on Subchapter V bankruptcies. The duo was joined by Dr. Rudi Mueller as a panelist and Dr. Ho as moderator. A recording of the video can be found here – https://saintleo.zoom.us/rec/play/ufP0o09O_7RQzoxo1U7NmGp8bmEM-iRO349luzHOo2GL63HIAzah-tZn0cYTyWDh1lH7o3ENhwR1eEdf.Un_fuF_L65EXk6Q7?startTime=1612393319000.
Congressional Democrats spearheaded by Elizabeth Warren (Mass.) and Jerrold Nadler (N.Y.) have proposed sweeping legislation that would overhaul consumer bankruptcy law as we know it. The bill still has a long journey to becoming law and will almost undoubtedly undergo tweaks by the time if/when its finalized. Therefore its important to track the progression and […]
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 […]
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 […]
