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Chapter 11, which can be a reorganization, is a legal process established by the U.S. Bankruptcy Code. The Chapter 11 procedure enables a business to benefit from bankruptcy court protection while reorganizing operations and restructuring finances to…
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Wernick Law has been ranked in Chambers USA Florida Spotlight Guide 2026 and recognized as a leading small to medium-sized law firm offering a credible alternative to Big Law. Wernick Law was selected based on an independent and in-depth market analy…
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When a business owner files a petition for Chapter 11 bankruptcy, a common concern is what to say about the process to employees, customers, and business partners. Describing the process in positive terms can maintain the confidence and morale of all…
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Business owners considering Chapter 11 bankruptcy are often concerned about the effect of the bankruptcy on their reputation with vendors, customers, and others. While the concern is legitimate, the reputation of a business rarely suffers because of…
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When a business files for Chapter 11 bankruptcy, debts that are individually guaranteed by the owner (or by others, such as family members) can have different consequences from the debts of the business that do not have individual guarantees. While t…
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Businesses considering Chapter 11 bankruptcy often ask whether the process allows the business to buy and sell assets during the bankruptcy process. Generally, a business that is the debtor in possession during a Chapter 11 case may buy and sell real…
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When a business that is under significant financial stress considers bankruptcy as an option for liquidating assets, Chapter 7 is the type of bankruptcy that first comes to mind. However, Chapter 11 bankruptcy can also be used to liquidate some or al…
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A merchant cash advance (MCA) is a type of relatively quick and easy business financing. MCAs are easy to get but typically have exceptionally high interest rates and fees that can significantly affect profitability until they are repaid. In addition…
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Chapter 11 provides a debtor with the opportunity to formulate a structured repayment plan to reorganize, reduce debts over time, and remain in business. With guidance from an experienced Chapter 11 bankruptcy lawyer, successful completion of the pro…
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When an individual or business considers bankruptcy, one of the key concerns for the debtor is often whether business and/or personal assets are kept during the bankruptcy process. In a Chapter 11 reorganization bankruptcy, the debtor-in-possession g…
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