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Sole Member LLC Protection in Florida

Sole Member LLC Protection in Florida

             A Florida limited liability company with only one member, or owner, is called a sole member liability company ("sole member LLC"). Before moving forward with the formation of a sole member, it is crucial to understand how the liability protections in...

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What is Automatic Stay in Bankruptcy?

What is Automatic Stay in Bankruptcy?

THE AUTOMATIC STAY PROTECTION START WHEN THE CASE IF FILED  The automatic stay is a prohibitive injunction that prevents collection efforts by creditors after the filing of a bankruptcy case. In plain English, this stay legally prevents creditors from calling,...

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Wind Up: Closing your Business

Wind Up: Closing your Business

During tough times, many business owners decide to wind up their existing business to move onto other opportunities rather than keep operating a business at a loss. Some reasons for closing or winding up a business may include, but are not exclusive to, the following:...

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What is the Bankruptcy Discharge?

What is the Bankruptcy Discharge?

A bankruptcy discharge is the goal of any bankruptcy filing and is entered at the end of the case. The discharge releases the debtor from the specific types of debts that were included in the bankruptcy and where a creditor received notice of the case. The order of...

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What are Bankruptcy Exemptions?

What are Bankruptcy Exemptions?

Bankruptcy exemptions protect the debtor’s, the person filing bankruptcy, assets. So think of the exemptions available in your state as a magic invisibility cloak that takes that assets, or a portion of the value of an asset, out of consideration when the trustee is...

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When Divorce and Bankruptcy Collide

When Divorce and Bankruptcy Collide

Divorce and bankruptcy are very difficult proceedings on their own. When a soon to be ex-spouse unexpectedly files bankruptcy in the middle of a messy divorce, “what next?” is the question on everyone’s lips. Even the most seasoned divorce attorneys question what they...

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Sarasota, Florida 34237

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