Bankruptcy

The economic crunch has spared no entity from financial stress. Like many individuals, businesses in Florida are also forced to consider filing for bankruptcy protection from mounting debt owed to their creditors.  Nationwide statistics show that 57,788 business filed for bankruptcy last year. Although these figures represent both a decline in number of filings from 2011 and the lowest rate…

Running a small business can be an exciting endeavor. However, it can also be risky, especially given today’s uncertain economic climate. One way for businesses to handle debt and continue to operate is by declaring Chapter 11 bankruptcy. Most people are familiar with Chapter 7 or liquidation bankruptcy, but what is Chapter 11 and is it right for you? Here…