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Category Archives: Chapter 11 Bankruptcy

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What Small Businesses Should Know About Chapter 11 Reorganization

By Kelley, Fulton & Kaplan |

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 »

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What Chapter 11 Bankruptcy Does for West Palm Beach Businesses

By Kelley, Fulton & Kaplan |

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 »

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Understanding the Disclosure Statement in Chapter 11 Bankruptcy

By Kelley, Fulton & Kaplan |

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 »

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Chapter 11 Dos and Don’ts for West Palm Beach Businesses

By Kelley, Fulton & Kaplan |

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 »

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When Should My West Palm Beach Business Consider Chapter 11 Bankruptcy?

By Kelley, Fulton & Kaplan |

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 »

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New Chapter 11 Bankruptcy Amendment to Come in February 2020

By Kelley, Fulton & Kaplan |

The Small Business Reorganization Act became law on August 23, 2019, upon signature from the President of the United States, Donald J. Trump. The new law helps small businesses by making amending the Chapter 11 bankruptcy process to remove its costly aspects such as disclosure statements and make it simpler for small business debtors…. Read More »

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Is Chapter 11 Bankruptcy Right for Your Business?

By Kelley, Fulton & Kaplan |

Sometimes a business, corporation or partnership can find itself in a financial position with so much debt that can only be solved by filing for Chapter 11 bankruptcy. In these cases, the business just needs to reorganize its debt to help it survive rather than starting fresh like they would by filing for Chapter… Read More »

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