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Attorney counsels Florida business owners on bankruptcy options

A Florida business owner may pride himself on his expertise in his particular field. Whether he is a chef and restaurant owner with a knack for creating delicious dishes, a farmer or a fishing boat captain, every business owner possesses knowledge about his particular business.

Can a small business file for Chapter 11 bankruptcy?

Business owners in Florida with significant debt may want to learn more about filing for a Chapter 11 bankruptcy. Large corporations commonly choose Chapter 11 bankruptcy as an option for business reorganization, but this form of bankruptcy is also available for small businesses, which are those with fewer than 500 employees.

When should I consider bankruptcy for my Florida business?

Pursuing a bankruptcy filing is a major decision for a Florida business owner. It is not one that should be made lightly or without thoughtful consideration. When a business owner chooses to go down the bankruptcy path, it should be a decision that he or she is making with guidance and the support of professionals who can help facilitate the process.

Florida health care company files for Chapter 7 bankruptcy

Chapter 7 bankruptcy is an option for both businesses and individuals seeking to liquidate assets to repay creditors and enjoy a fresh financial future. A health company in Florida is filing for Chapter 7 bankruptcy after closing. In addition, 11 subsidiaries of the company also recently filed for Chapter 7 bankruptcy. The company provides home care products and is seeking to liquidate remaining assets through the Chapter 7 bankruptcy process.

Florida attorney guides clients in business reorganization

Bankruptcy may be a daunting word for some Florida business owners, but that does not have to be the case. Armed with clear knowledge of what bankruptcy entails, and with an advocate on your side, bankruptcy can be a smooth and positive experience. As this blog reported in a previous post, there are many factors that a business owner should consider before filing for business bankruptcy.

What should one know before filing for business bankruptcy?

Business decisions require consideration of a great many factors. The decision to file for Chapter 11 bankruptcy, also known as business reorganization, is no different. Before a Florida business owner makes the important decision of whether or not to file for bankruptcy, he or she will want to consider a number of factors, as well as discuss pressing considerations with his or her attorney.

Do I have the option to reorganize my Florida business?

Starting a business takes a lot of hard work. From hiring staff to finding the right location, a Florida business owner has no shortage of steps to take to get a business up and running. Keeping a business running successfully is another task entirely. From paying bills to dealing with unforeseen emergencies, Orlando business owners may face many hurdles that present financial challenges.

Fewer business bankruptcies in parts of Florida so far this year

The major economic storm that hit the United States over the last several years is just beginning to clear with respect to businesses, which were greatly impacted. The slow but steady rebound in the economy is allowing for businesses in Orlando to not only resolve their business debts in a positive and fruitful way, but it is also allowing businesses to thrive. Over the past several years the economy has not been conducive for this type of positive business growth and as a result many businesses had to shut down or file for bankruptcy as a way to cope with the overall economic climate. Some companies were able to weather the storm while others were not so lucky.

Know your Florida business bankruptcy options

Businesses have not been immune from the economic struggles that much of the country has been dealing with since the economic recession began in 2008. Even now that the so-called Great Recession has ended, the new economic reality is a lot different from what it was in decades past. Businesses are dealing with increased competition, new technological demands, more elusive customers and other stresses. In some cases, businesses need a financial fresh start in order to adjust to this new reality.

Homeowners associations turn to Chapter 11 bankruptcy

The economy has been rough for many people in Florida for the past several years. In particular, the housing market has been hard hit. While there has been some recovery, many people struggle on a day-to-day basis to make ends meet.