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If your Florida business is struggling with debt but you’re not ready to close your doors, Subchapter V of Chapter 11 can help restructure debt while keeping the doors open. Subchapter V is a type of Chapter 11 case that was created to make reorganization faster and less expensive for small to medium size business owners. But before filing, it’s essential to understand whether your business qualifies.

Traditionally, Chapter 11 bankruptcy has been the primary restructuring vehicle for financially distressed companies. It allows businesses to pause creditor actions, restructure debt, and stay open. But traditional Chapter 11 can be time consuming and expensive, often too heavy a lift for smaller business operations. That’s where Subchapter V comes in for Florida businesses. Designed specifically for small and mid-sized businesses, this streamlined form of reorganization make

When your business faces financial headwinds, Chapter 11 (or Subchapter V, a streamlined version of Chapter 11 for small to mid size businesses) can serve as a lifeline, a way to regroup, reorganize, and rise again. Before you take that step, it’s critical to understand what Chapter 11 actually is, and what it isn’t.

Running a Business in Florida? Watch for These Financial Warning Signs Operating a business in Florida comes with unique financial challenges, from seasonal fluctuations to fast moving market shifts. Melissa Youngman, our Florida Chapter 11 and Subchapter V bankruptcy attorney , has seen too many companies forced out of business because they waited too long to seek help when red flags were obvious in their financial statements. Whether you run a construction firm in Orlando,

Facing financial troubles can feel overwhelming for business owners. Chapter 11 or Subchapter V (a streamlined version of Chapter 11) bankruptcy may offer a path forward that allows a business to reorganize debt and keep operating. Before pursuing this path, it is essential to understand the Chapter 11 process, including its purpose, timeline, challenges, and the benefits of expert guidance from experienced Chapter 11 attorneys like our Chapter 11 attorney, Melissa Youngman.

The state of Florida and FEMA have recently opened two Disaster Recovery Centers (DRCs) to assist residents in Orange and Osceola County...

Trademark clients often ask why they cannot cut costs by avoiding a comprehensive trademark clearance search before applying for...

Thanks to Hurricane Ian, I’ve spent too many recent days worrying – surveying every potentially stressful situation, racking my brain for...

To register a trademark with the United States Patent and Trademarks Office (USPTO), the applicant’s mark must be sufficiently...

On September 24, 2022, President Biden signed an emergency declaration for Florida in response to Hurricane Ian, which authorized the...

About six weeks ago, the Biden administration announced a three-part plan that provided debt-cancellation (forgiveness) of student loan...

Many business owners approach us with questions regarding how to get out of personal guaranty liability, asking, “can I get rid of my...

Cash flow is one of the most significant issues businesses contemplating filing chapter 11 or subchapter V[1] face. Although chapter 11...

Melissa Youngman Law will provide free legal help to a limited number of Florida residents seeking to file FEMA claims or apply for SBA...

We at Melissa Youngman Law hope that you, your loved ones, and your business survived Hurricane Ian unscathed. If you need financial...

The Small Business Reorganization Act of 2019 (the "SBRA"), enacting new subchapter V of Chapter 11 of the U.S. Bankruptcy Code, became...

In Part Three, we discuss the mortgage forbearance provisions in the CARES Act, and how those provisions may affect individuals in...

In Part Two, we discuss the CARES Act amendments to Section 1329(d)(1) of the Bankruptcy Code, regarding what happens when a chapter 13...

In Part One of this series on the CARES Act, we discuss how bankruptcy cases may be affected by a debtor's receipt of a stimulus check.