What Your Small Business Needs to Know About the Paycheck Protection Program

What Your Small Business Needs to Know About the Paycheck Protection Program

Many small businesses are asking about the Paycheck Protection Program, which is a large part of the Coronavirus Aid, Relief and Economic Security Act, or the CARES Act, passed by Congress and signed by the President on March 27, 2020. The Paycheck Protection Program will provide loan assistance to small businesses and is designed similar to a grant program to be paid by the government to keep small businesses operating. The Paycheck Protection Program is essentially free money for small businesses to use to stay afloat and prevent mass layoffs as a result of the COVID-19 pandemic. 

March 31, 2020 , ,
Ritter Spencer, PLLCWhat Your Small Business Needs to Know About the Paycheck Protection Program
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New Small Business Reorganization Benefits

New Small Business Reorganization Benefits

As we wade through the tumultuous fallout and turmoil from the coronavirus, small businesses face seemingly insurmountable economic burdens. Commercial bankruptcy attorney, David Ritter, explains what the Small Business Reorganization Act of 2019 entails and how it can benefit small businesses in this time of crisis.

March 26, 2020 , ,
Ritter Spencer, PLLCNew Small Business Reorganization Benefits
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How to Avoid Bankruptcy: Restructuring and Reorganizing Your Business

How to Avoid Bankruptcy: Restructuring and Reorganizing Your Business

Debts build up, cash flow changes, economies rise and fall, and uncertainties increase, and entrepreneurs and business owners may need to reevaluate their financial standing accordingly. However, running into financial trouble does not necessarily mean that a company needs to close shop and declare bankruptcy. Restructuring and reorganization strategies developed by an experienced commercial bankruptcy attorney give business owners more flexibility in finding a solution with their creditors rather than declaring bankruptcy.

March 24, 2020 , ,
Ritter Spencer, PLLCHow to Avoid Bankruptcy: Restructuring and Reorganizing Your Business
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5 Things to Know About Chapter 11 Bankruptcy

5 Things to Know About Chapter 11 Bankruptcy

Although bankruptcy can seem like an intimidating subject, business owners can tackle this complex process with help from an experienced commercial bankruptcy attorney. Each chapter of bankruptcy is different and has its own unique requirements, which is why businesses should speak with competent bankruptcy counsel at the first sign of financial trouble to have the best chance of a favorable outcome in court. Ritter Spencer, a Dallas law firm that specializes in Dallas bankruptcy filings, can help your business understand Chapter 11 bankruptcy and determine if it is the right financial move for your company.

January 20, 2020
Ritter Spencer, PLLC5 Things to Know About Chapter 11 Bankruptcy
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What Does Filing for Bankruptcy Mean for My Business?

What Does Filing for Bankruptcy Mean for My Business?

Bankruptcy under Chapter 11 of the Bankruptcy Code is designed to give businesses a fresh financial start. However, despite the regularity with which companies file for bankruptcy, confusion still surrounds this legal process. Read below to learn more about what filing for bankruptcy may look like for your business and how a bankruptcy attorney can help your business survive. For businesses based in Texas, you can rely on Dallas commercial business attorney, David Ritter, to develop a bankruptcy plan that meets your business’s needs.

December 17, 2019
Ritter Spencer, PLLCWhat Does Filing for Bankruptcy Mean for My Business?
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What Your Business Should Know About Bankruptcy Attorneys

What Your Business Should Know About Bankruptcy Attorneys

The sooner your business hires a bankruptcy attorney, the better. Smart business owners realize they need a bankruptcy attorney before the storm clouds appear, rather than after the storm has swept through their business. If you wait until the last minute to look into bankruptcy counsel, it might be too late to save your business and your assets. Learn more about why your business should hire a bankruptcy attorney and how these professionals can help your business in the long-run.

November 15, 2019
Ritter Spencer, PLLCWhat Your Business Should Know About Bankruptcy Attorneys
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Bankruptcy Law Lacks Remedies for Business Operating in Violation of the Controlled Substances Act

Entrepreneurs start new businesses knowing they are taking certain financial risks. They recognize that their businesses may fail. Entrepreneurs also know that they can likely obtain some value from the sale, reorganization or liquidation of the failed business.  The Bankruptcy Code facilitates the ability of companies to recover the value from the assets and business operations for the benefit of the creditors and equity holders.  In this way, the Bankruptcy Code allows entrepreneurs to engage in risk-taking activities by protecting property rights of individuals and business entities.

September 5, 2018
Ritter Spencer, PLLCBankruptcy Law Lacks Remedies for Business Operating in Violation of the Controlled Substances Act
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