A Chapter 11 bankruptcy, which may be referred to as a reorganization bankruptcy, is what businesses which dealing with financial distress may use to get debt relief. In a Chapter 11, a business will have to propose, and the bankruptcy court approval, a plan for...
Month: January 2021
Month: January 2021
2020 an unusual year for personal and business bankruptcy filings
For Floridians who are concerned about the status of their businesses and are facing personal financial challenges, it may be useful to look at the trends for bankruptcy filings. Since it is a new year and the ongoing health crisis is continuing to impact people...