Category Archives: Chapter 11 Bankruptcy
What Are My Bankruptcy Options as a Florida Small Business Owner?
The COVID-19 pandemic has put many Florida small business owners in an impossible situation. As consumer demand has fallen while bills continue to mount, many businesses plan to close their doors permanently. But what does this mean from a legal standpoint? For example, does a small business owner need to file for bankruptcy? And… Read More »
How Recent Changes to Federal Bankruptcy Law Could Help Protect Your Florida Small Business
In 2019, Congress enacted the Small Business Reorganization Act (SBRA). This created a new provision of the federal Bankruptcy Code known as Subchapter V of Chapter 11. The idea behind Subchapter V was to give small businesses a “fast track” option for reorganizing themselves in bankruptcy without the need to go through the regular… Read More »
The Ins and Outs of a Chapter 11 Bankruptcy
News outlets are bustling with talk of bankruptcy as rapper and entrepreneur 50 Cent filed for protection from his creditors in a Connecticut court. The 40-year-old entertainer’s estimated worth previously hit more than $100 million following the sale of his water company to Coca-Cola in 2007. Since that time, he continues to make music,… Read More »