Monthly Archives: November 2019
Understanding the Disclosure Statement in Chapter 11 Bankruptcy
Chapter 11 bankruptcy is the court process that allows businesses in financial trouble to reorganize their debts in order to survive and continue business operations. Within this type of bankruptcy are many steps. One of the steps involves preparing a disclosure statement. Today’s article will help you better understand the disclosure statement and why… Read More »
Chapter 11 Dos and Don’ts for West Palm Beach Businesses
Owning and operating your own business has its perks – you get to be your own boss, and do what you love. However, doing what you love comes at a cost and many small businesses can’t survive. According to the U.S. Small Business Administration, approximately 45 to 51% of small businesses survive five years… Read More »
Using Bankruptcy for Tax Relief
When people think of filing bankruptcy, they think of eliminating or wiping away all of the debts they’ve incurred through the years. However, wiping debts away is not as simple as it seems and truthfully, bankruptcy does not eliminate all debts. Many commercials offer to erase tax debts in bankruptcy. Our tax and bankruptcy… Read More »
Ways to Stop Creditor Harassment
Being in debt can bring a level of stress that makes life unbearable at times. From credit card debt, to student loans, and other past due bills, the phone calls from debt collectors and creditors can make financial hardships much worse. But just because a person owes a debt, does not mean they deserve… Read More »
The Chapter 7 Bankruptcy Alternative: Non-Bankruptcy Debt Workouts
The possibility of filing Chapter 7 bankruptcy can bring anxiety, fear of the unknown, and a feeling of failure. However, the reality is that bankruptcy does just the opposite for those who are able to successfully get relief. Bankruptcy helps get people back on track financially and helps them resolve their debts. Since filing… Read More »
What You Need to Know About the New Bankruptcy Amendments
In our last article about the bankruptcy amendments, we addressed the Small Business Reorganization Act (SBRA) that was signed into law by President Trump on August 23, 2019. However, the SBRA was not the only amendment that came to life that day. Additionally, two more amendments were made to the bankruptcy code. These amendments… Read More »
What You Need to Know About the New Bankruptcy Amendments
In our last article about the bankruptcy amendments, we addressed the Small Business Reorganization Act (SBRA) that was signed into law by President Trump on August 23, 2019. However, the SBRA was not the only amendment that came to life that day. In addition, two more amendments were made to the bankruptcy code. These… Read More »
Do I Need a Florida Fictitious Name for My Business?
Many times for some businesses you will see an LLC or Corporate business name, and then right next to it, you will see another business name. Later, you may see the same LLC with an entirely different business name than the one you saw initially. How and why are they doing this? It’s simple…. Read More »
A Florida Business & Corporate Law Requirement: Bylaws
Florida corporations are popular business entities. They are standalone institutions, apart from their owner or owners and have several benefits. But corporations require something that some business entities do not require – corporate bylaws. Bylaws are the foundation to the structure and operation of a corporation and Florida’s business and corporate laws require each… Read More »
When Should My West Palm Beach Business Consider Chapter 11 Bankruptcy?
There may come a time when your West Palm Beach business falls on hard times financially. After all, many of the major businesses in America today have filed for Chapter 11 bankruptcy. One of the options many business owners consider is filing Chapter 11 bankruptcy to reorganize the debt it has accrued in order… Read More »
