Author Archives: Jay Butchko
The Small Business Reorganization Act Makes Bankruptcy Easier for Small Business Debtors
Filing bankruptcy, whether as an individual or small business, is a tough decision. For a small business, this means either shutting down the business operations or reorganizing under Chapter 11 bankruptcy. While bankruptcy is not an easy procedure, The Small Business Reorganization Act that goes into effect on February 19, 2020, makes the process… Read More »
How West Palm Beach Businesses Can Resolve Shareholder and Partner Disputes
When a business is formed between two or more people, a dispute is bound to arise. Shareholder and partner disputes occur for many reasons and can result in long lasting damage to a business’ reputation and the trust that the shareholders or partners had with each other. Today, the attorneys at Kelley Kaplan Delaney… Read More »
How Reorganization Bankruptcy Affects Your Credit
If you’re a business owner, you wear several hats. From managing the business to making payroll to paying your business taxes, these tasks can be financially straining. If you decide to file a reorganization bankruptcy, you may wonder how this affects your credit or whether it has an effect on your credit at all…. Read More »
What Small Businesses Should Know About Chapter 11 Reorganization
Chapter 11 reorganization provides relief for businesses who are in a financial hotseat. From buying operating expenses to making payroll, operating a small business can bring on tons of stress upon a person. The ability to pay creditors is a huge concern for many small business owners and sometimes the debt is so immense… Read More »
What Chapter 11 Bankruptcy Does for West Palm Beach Businesses
How did you feel when you heard that big businesses such as Toys R Us and Sears were filing for Chapter 11 bankruptcy? Many people are shocked and immediately think that because those businesses filed for bankruptcy, that they had no money and were going out of business. While it is possible for a… Read More »
Corporate Law and Closing a Florida Business with Corporate Dissolution
Sometimes, business owners and business partners do not see eye to eye. This results in the decision to close a business for good. If you alone, or you and your business partners feel the need to close your Florida business, there’s one step in corporate law you must take to make the closure official… Read More »
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 »
