The owner of a Holiday Inn in downtown Miami filed for Chapter 11 bankruptcy protection, with a plan aimed at luring investors to redevelop the site. With its close proximity to PortMiami, Bayside Marketplace and the planned Waldorf Astoria Miami luxury tower, the hotel owner’s attorney Linda Worton Jackson said the 10-story building at 340 Biscayne Boulevard is attracting interest …
Linda Worton Jackson Named to Florida Trend Legal Elite™ 2021
MIAMI, FL. (July 2, 2021) – Linda Worton Jackson, a partner with Miami-based Pardo Jackson Gainsburg, was recently recognized in the 2021 edition of Florida Trend’s Florida Legal Elite™ for her work in bankruptcy and workout law. The list of honorees were selected by Florida lawyers identifying the attorneys they hold in highest regard – lawyers with whom they have …
Debt relief companies are often not the answer
Debts can become overwhelming at any time, but especially now, when so many are unemployed and struggling through the COVID-19 pandemic, sequestered at home with little income flowing. Linda Worton Jackson, chair of the Bankruptcy/Restructuring and Corporate Transactions Groups with the Pardo Jackson law firm in Miami, said it costs no more to have a bankruptcy lawyer review your case …
Bankruptcy as a Strategy and Not a Sign of Defeat
By Linda Worton Jackson Author’s note: Recently, I collaborated with Overproof to present a webinar about how businesses in the hospitality and beverage alcohol industry could better prepare for the legal and economic impacts of COVID-19. The information below was included in that webinar, as well as additional insights. You can view a recorded version of the presentation here. As …
Restaurants, Hotels and Bars: Steps to Survive the COVID Epidemic
The restaurant and hospitality industry are among the hardest hit by the COVID-19 epidemic. Self-distancing is keeping people home and away from bars, restaurants and hotels. Across the nation, restaurants and bars are expected to lose some $225 billion over the next three months, while hotels are losing an estimated $1.4 billion in room revenue per week, with that number …
Linda Worton Jackson on Chapter 7 Bankruptcy
Once a business files for Chapter 7, the company shuts down, the officers, directors, and employees are dismissed, and a court appointed trustee takes over to liquidate the company for the benefit of creditors. The company does not continue operating under Chapter 7, except in very rare circumstances where the trustee allows it to do so temporarily.
Bouncing Back From Bankruptcy – Sooner Than You Think
How did so many Americans get on the fast path to a bankruptcy rebound and how can others? For starters, have a realistic, positive attitude and a clear and sustainable plan of attack to get on your feet again after a bankruptcy.