' What Should You Do If You Think Your Small Business is Going Under? Florida Business Bankruptcy Laws Might Be Able to Help - Law Offices of Robert M. Geller, P.A.
CALL NOW!
FREE PHONE/VIRTUAL CONSULTATION

What Should You Do If You Think Your Small Business is Going Under? Florida Business Bankruptcy Laws Might Be Able to Help

florida business bankruptcy lawsHow can Florida business bankruptcy laws help struggling businesses?

Facing financial challenges in your business is a scary prospect. Most people work for many years to build their businesses. But that hard work doesn’t guarantee that you’ll never hit a rough patch.

What do Florida business bankruptcy laws have to say about your situation and what should you do if you think your business is going under?

Doing Nothing is the Worst Approach

If your business is going under, don’t ignore it and just hope for the best. Instead, take a proactive approach and get help from professionals before your business has no money left.

It’s scary acknowledging there’s a problem. But it’s a lot less frightening than what you’ll face if you fail to take action.

You shouldn’t be afraid to reach out for help. Many organizations want to see businesses succeed and some offer financial assistance. Take advantage of their resources and expertise because it could make all the difference for your business.

Get a Handle on Where You Are Now

Next, you’ll want to review your expenses. You’re looking for where you can cut costs without damaging your business. Make sure to take a good look at your employees, inventory, supplies, and other expenses before you make any rash decisions.

Don’t wait until everything falls apart before taking action. If things look grim, speak with an experienced Florida business bankruptcy lawyer to discuss your options. Acting early ensures you’ll have access to the widest range of solutions.

Is It Time to Consider Bankruptcy?

Florida business bankruptcy laws provide many benefits for struggling businesses. However, you must be proactive and take action before the situation becomes dire.

The state’s bankruptcy laws provide many benefits for struggling businesses. But you can’t expect the problem to just resolve itself.

The laws are there to protect businesses, as well as your employees and customers. If you find yourself having to file for Chapter 7, Chapter 11, or Chapter 13, it’s important not to panic about the future of your company.

You and your bankruptcy attorney will discuss the benefits bankruptcy offers for struggling businesses. It’s not the right option for all businesses. However, it can help get your business through a rough time.

You can learn more about the various options and business bankruptcy chapters here.

Bankruptcy doesn’t mean your business will close. It can help you restructure your debts and make it easier to get your business back on its feet. It prevents aggressive debt collection efforts and gives you time to make important decisions about the future. Even if your business’s financial issues aren’t immediately resolved, you’ll have breathing room to figure out what you’re doing next.

Contact an Attorney with Your Questions about Florida Business Bankruptcy Laws

If you’re a business owner and you suspect financial issues are on the horizon, we can help. It’s important to take action before you feel desperate and your situation affects your employees and your customers.

For more information or to speak to someone about the benefits of filing for bankruptcy in Florida, contact the Law Offices of Robert M. Geller at 813-254-5696.

Archive

Video Testimonials

Tampa Bankruptcy Law Blog

Can I Lose My House If I File for Bankruptcy

The potential loss of your house when filing for bankruptcy depends on various factors. These include the type of bankruptcy...
Read More

What Can You Write Off in Bankruptcy?

Many people filing for bankruptcy aren’t sure what debts can be discharged, or "written off," through bankruptcy. It’s important to...
Read More

How Often are Bankruptcies Denied?

Bankruptcy offers a lifeline for people drowning in debt. It provides a chance to start anew and regain financial stability....
Read More

How Much Debt Should I Have Before Considering Bankruptcy?

Dealing with overwhelming debt and financial hardship is difficult. The prospect of bankruptcy may offer a path toward relief, as...
Read More

How Long Does Chapter 7 Bankruptcy Take to Discharge?

Chapter 7 bankruptcy offers a fresh start and a path toward financial stability for people struggling with debt. But when...
Read More

Does Business Bankruptcy Affect Personal Credit?

Does Business Bankruptcy Affect Personal Credit? For entrepreneurs and business owners facing financial challenges, the prospect of business bankruptcy can...
Read More

Can I Get an Apartment After Filing for Bankruptcy?

Filing for bankruptcy often feels challenging and overwhelming. It also raises a variety of concerns. One of the most common...
Read More

Are SBA Loans Dischargeable in Bankruptcy?

Navigating the complexities of Small Business Administration (SBA) loans and bankruptcy can be a daunting task for many business owners....
Read More

How to Get Bankruptcy Off of Your Credit Report

Rebuilding financial health after bankruptcy is challenging, but that doesn’t mean filing is worth the effort. One common concern for...
Read More

What Happens When You File for Bankruptcy?

Contemplating bankruptcy is a significant decision that comes with many questions. If you're considering filing for bankruptcy, it's essential to...
Read More

Bankruptcy

For The Next 5 Days GET A FREE BOOK About Bankruptcy

Learn More

Infographics

We are A Debt Relief Agency.
We help people file for bankruptcy under the Bankruptcy Code

Pay Online Bankruptcy Courses Newsletter Subscription

Call For A Free Initial Consultation

813.254.5696

Tampa Office

Law Offices of Robert M. Geller, P.A.
807 West Azeele Street
Tampa, FL 33606
T: (813) 254-5696
T: (800) 853-7549
F: (813) 253-3405

Map And Directions

St. Petersburg Office

Law Offices of Robert M. Geller, P.A.
125 5th Street South
(Wells Fargo Financial Center)
2nd Floor, Suite G
St. Petersburg, FL 33701
T: (727) 532-3939

Map And Directions

Pasco Office

23526 State Road 54
Lutz, FL 33559
T: (813) 336-2320

Map And Directions