Category Archives: Chapter 11 Bankruptcy
Restoring a Company’s Financial Standing Post-Chapter 11 Bankruptcy
The purpose of going through a Chapter 11 bankruptcy is to get a company back on solid financial ground. Rather than liquidating the company’s assets (as in a Chapter 7 bankruptcy), the focus of a Chapter 11 bankruptcy is on reorganizing the company’s debts so that it can remain viable well into the future…. Read More »
Debtor-in-Possession Financing and Chapter 11: What Florida Business Owners Need to Know
Filing for bankruptcy under Chapter 11 of the U.S. Bankruptcy Code provides a way for companies to reorganize their debts and overcome short-term financial strain. But, for some businesses, the Chapter 11 bankruptcy process itself can prove prohibitively expensive. While this is less common today due to the enactment of Subchapter V (which provides… Read More »
Small Business Bankruptcy: What You Want to Know But Don’t Want to Ask
As a small business owner, it can be difficult to ask questions about filing for bankruptcy. In some cases, you might not know what to ask. In others, you might feel uncomfortable showing how little you know about the process. Of course, you aren’t a Miami bankruptcy litigation attorney, so being unfamiliar with the… Read More »
The Chapter 11 “Cramdown:” How To Use One to Your Company’s Advantage
In a Chapter 11 business bankruptcy, a “cramdown” allows the business to secure court approval for its reorganization plan without its creditors being on board. This can be critical in some cases. While creditors will generally be willing to consider reasonable proposals for reorganizing a business’s debts during the Chapter 11 bankruptcy process, it… Read More »
What Types of Debts Are Eligible for Discharge in a Chapter 11 Bankruptcy?
While the primary purpose of a Chapter 11 bankruptcy is to reduce the business’ monthly debt load through a reorganized payment plan, businesses can use Chapter 11 filings to eliminate (or “discharge”) debts during the process as well. Discharging debts during the Chapter 11 bankruptcy process is fairly common, and when considering a reorganization,… Read More »
Bankruptcy Options and Alternatives for Small Businesses in Florida
From high interest rates to the lingering effects of the COVID-19 pandemic, many small businesses in Florida find themselves struggling for a variety of reasons. If your small business is struggling, it may be worth considering bankruptcy and its alternatives. Small business owners have a variety of options available, and an experienced Miami bankruptcy… Read More »
7 Key Considerations for Operating Sustainably After a Chapter 11 Bankruptcy
Going through a Chapter 11 bankruptcy provides the opportunity to reorganize a company’s debts so that it can remain in business. This distinguishes Chapter 11 bankruptcies from other types of filings, and it makes working with a Miami Chapter 11 bankruptcy lawyer an attractive option for companies that have a clear vision for the… Read More »
Staving Off Chapter 11: When Is (and Isn’t) It Feasible to Avoid a Business Bankruptcy?
When a company is struggling financially, filing for bankruptcy under Chapter 11 is an option that allows the company to stay in business while it works to regain financial stability. But, in this scenario, pursuing reorganization under Chapter 11 is not necessarily the only option that is available. Struggling companies may have a variety… Read More »
The “Basics” of Chapter 11 Bankruptcy—According to the U.S. Courts
If you search for information about the Chapter 11 bankruptcy process online, one of the first resources you’ll likely find is a resource published by the U.S. Courts called “Chapter 11 – Bankruptcy Basics.” But, if you click on this resource, you’ll find that it is anything but basic. It is long and dense,… Read More »
5 Common Chapter 11 Bankruptcy Mistakes to Avoid
While reorganizing a company’s debts under Chapter 11 can provide much-needed financial stability and establish a solid foundation for future growth, achieving these outcomes requires an informed approach. Company owners and executives who are contemplating a Chapter 11 filing need to be confident that they are making informed decisions, and they need to be… Read More »