Tag: Small Business Bankruptcy
How To Keep Your Business Afloat While Filing For Bankruptcy
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When faced with financial difficulties, many business owners fear that filing for bankruptcy might spell the end of their enterprise. However, this doesn’t have to be the case. With the right strategy and guidance from a knowledgeable bankruptcy attorney in Tampa, you can navigate the complexities of bankruptcy while keeping your business afloat. Here’s how…
Contemplating Small Business Bankruptcy In Tampa, FL
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For a long period, there was just a single small business bankruptcy alternative available and that was chapter 7 liquidation. If these small businesses were keen on operations they had to file for their chapter 11 protections that had numerous paperwork necessities. Luckily congress stepped up to this plate and in 2019 passed Small Business…
Bankruptcy Considerations For Small Business Owners
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Chapter 7 liquidation use to be the only type of bankruptcy a small business could file for. If they wanted to remain in business they’d need to file for Chapter 11 protection and fill out a lot of paperwork. However, in 2019 Congress passed a Reorganization Act entitled Subchapter V. With Subchapter V bankruptcy is…
Coronavirus And Small Business Bankruptcy
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You can expect the coronavirus pandemic to shut down millions of small businesses in the upcoming months. A range of small business bankruptcies can be expected as more than 40% of the country’s small businesses are expected to shut down permanently in the next 6 months due to the coronavirus pandemic. This was indicated in…
Coronavirus And The Impending Small Business Bankruptcies
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As the coronavirus spreads rapidly across the world, the Chinese and other country’s supply chain problems are not the only problem anymore. The CDC (Centers for Disease Control and Prevention) has asked for the suspension of the gathering of ten or more people in one place. Various stores, bars, and restaurants in the U.S. and…