David Jennis and Daniel Etlinger presented on June 10, 2021 on the topic Re-Imagine Your Future Under Subchapter V: A Chapter 11 Survival Tool for Small Businesses. You can view a video the program at https://us02web.zoom.us/rec/share/zKAH5V-hwWcr1UbAlOavUnf6b25pOoLH-WmDud703lwW9JZ5nIJ9wVWIfhnncOoq.vTTIJihdb0qdRK-Y (passcode C&ccnDW2).
On April 21, 2021 the United States Court of Appeals for the Eleventh Circuit issued an opinion in Hunstein v. Preferred Collection and Management Services, Inc. in Case Number 19-14434. The full opinion can be found here. The appeal addresses a question of first impression under the Fair Debt Collection Practices Act (FDCPA), which essentially asks: does a communication between
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 points in learning the chapter
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 follow changes. However, as it
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
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,
Below is an update on COVID-19 provided by Law360: Law360 (July 31, 2020, 4:08 PM EDT) — Bankruptcy experts are applauding a proposed change to the Paycheck Protection Program that will allow small business debtors to access loans under federal COVID-19 relief packages, correcting what they say was a mistake in early versions of the aid program that left
Subchapter V bankruptcy was put into effect in February of 2020 amid the COVID-19 pandemic. While the subchapter was not created because of the pandemic its timing is nothing short of a blessing. Many small businesses need a quick bankruptcy solution and do not have the time to follow the traditional chapter 11 bankruptcy procedure. In this blog, we will discuss what subchapter V bankruptcy is, the filing process, the costs associated with it, how much time it takes to file, and its benefits.
Jennis Law has become the first law firm to confirm a Subchapter V Bankruptcy case here in the Middle District of Florida. Subchapter V Bankruptcies were put into effect in February of 2020 to streamline the bankruptcy process for small business debtors, and, to provide a more amicable forum with creditors.
Filing bankruptcy for your business is an unfortunate life event, but it doesn’t have to be arduous. In this blog, you’ll learn about the types of bankruptcy, how to file for them, how a lawyer can help, and some possible life rafts to consider before you file.