Credit: Maxim_Kazmin/Adobe Stock With a Growing Number of Businesses In Distress, Fla. Lawyers Are Looking at Alternatives to Bankruptcy Filings
The commercial real estate market in particular is getting choppier, and practitioners are increasingly taking advantage of receiverships and assignment for benefit of creditors.
June 26, 2023 at 04:10 PM
4 minute read
Bankruptcy work is trending upward for many lawyers in the practice, even for some operating in Florida's bustling economy, and many are increasingly working with popular alternatives to actual bankruptcy.
Receiverships are especially on the rise in Florida after the state passed new laws around the practice in 2020. Meanwhile, assignment for benefit of creditors, another bankruptcy alternative, is also seeing a moment as it offers entities more leverage in negotiations with creditors.
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