Filing for Chapter 11 Bankruptcy Again: When Does It Make Sense to Pursue a “Chapter 22?”
Edelboim Lieberman Revah PLLC Blog
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3w ago
Filing for bankruptcy under Chapter 11 affords the opportunity for struggling companies to restore their financial stability, rebuild their credit and start looking toward the future. But, there are no guarantees and even companies that emerge from Chapter 11 with what initially looks like a manageable payment plan will often find themselves struggling to ..read more
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Filing a Claim for Fraud: What Business Owners in Florida Need to Know
Edelboim Lieberman Revah PLLC Blog
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3w ago
If a vendor, supplier, contractor, strategic partner or other commercial entity has defrauded your business, it will be important for you to make informed decisions about your next steps. While businesses can pursue claims for various forms of fraud, establishing a fraud claim requires a methodical and strategic approach, and time can be of ..read more
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Pros and Cons of Chapter 11 Bankruptcy for Companies in Financial Distress
Edelboim Lieberman Revah PLLC Blog
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3w ago
Like most business decisions, choosing to file for bankruptcy under Chapter 11 of the U.S. Bankruptcy Code can have both pros and cons. While hiring a Miami Chapter 11 bankruptcy lawyer can make sense in a wide range of circumstances, it isn’t necessarily the best choice for all companies that are in financial distress ..read more
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Commercial Foreclosure Defense: Options for Businesses in South Florida
Edelboim Lieberman Revah PLLC Blog
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1M ago
While facing commercial foreclosure can present significant financial and legal risks, businesses targeted in commercial foreclosure actions will often have strong defenses available. There are several potential defenses to foreclosure under Florida law; and, if your business’ lender has initiated a foreclosure action, an experienced Miami real estate attorney can determine what defenses your ..read more
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Understanding the Key Terms in a Small Business Bankruptcy
Edelboim Lieberman Revah PLLC Blog
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1M ago
If you are struggling to keep your small business afloat, filing for bankruptcy could be a smart solution. Through bankruptcy, small businesses can reorganize their debts, reduce their monthly financial obligations and regain the financial standing they need to remain viable. Small business owners have multiple options available, and choosing the best option for ..read more
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Understanding the Key Terms in a Title Insurance Policy
Edelboim Lieberman Revah PLLC Blog
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1M ago
Buying title insurance is important any time you buy a piece of real estate in South Florida. Hopefully, you will never need to file a claim, but if you do, you will be very glad that you have coverage. If an issue arises and you have title insurance, having the ability to file a claim ..read more
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Responding to a Breach of Contract: What Florida Business Owners Need to Know
Edelboim Lieberman Revah PLLC Blog
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1M ago
As a business owner, it is important to know what to do when a vendor, contractor, customer or other party breaches a contract with your company. While an overly aggressive response can unnecessarily jeopardize an important business relationship, failing to act forcefully can invite additional breaches in the future. To ensure that you are ..read more
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Seeking Relief from the Automatic Stay: Protecting Creditors’ Rights During the Bankruptcy Process
Edelboim Lieberman Revah PLLC Blog
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1M ago
Customer and client bankruptcies can present significant risks for creditors. Chapter 7 and Chapter 11 of the U.S. Bankruptcy Code both provide opportunities for filers to significantly reduce (if not eliminate) their debt obligations, and Subchapter 5 of Chapter 11 allows small business filers to do so with limited creditor involvement. As a result ..read more
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3 Best Practices for Subchapter V Small Business Bankruptcies
Edelboim Lieberman Revah PLLC Blog
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3M ago
The Subchapter V bankruptcy process allows small businesses to achieve the benefits of a Chapter 11 filing without many of the costs and drawbacks that have traditionally made Chapter 11 filings unviable for smaller companies. Just like a traditional Chapter 11 filing, the purpose of a Subchapter V filing is to reorganize the company’s ..read more
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What to Expect During (and After) the Subchapter V Small Business Bankruptcy Process
Edelboim Lieberman Revah PLLC Blog
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3M ago
Subchapter V bankruptcies allow small businesses to reorganize their debts without facing the additional costs and challenges involved in a traditional Chapter 11 filing. Since Subchapter V was introduced in 2020, it has become an extremely popular tool for businesses that need relief from their current debt loads in order to continue operating as ..read more
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