Timothy J. Sierra, Attorney at Law Trusted Florida Bankruptcy Attorney Since 1987
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The Domino Effect in Bankruptcy

dominos of bankruptcy.jpg

Everyone one knows what dominos are. Small thin black rectangles with white dots on either end. You stand them up on their side one by one in a line. Once they are all lined up you tap the first one and watch it fall and take each subsequent domino down with it until they have all fallen down. This effect applies in much more than a children's distraction.

Bankruptcy is on the rise all over the United States. In fact, there were more bankruptcies in the first six months of 2016 than in all of 2015. This is not a good thing. The problem is this: businesses rely on other businesses to provide them with goods. When businesses go bankrupt those who they were consuming from lose work. If those businesses do not get work, they will go bankrupt as well. As it appears, it is a domino effect also. One company knocks another down from lack of sales, and the chain goes on.

One recent example is that of Under Armor and Sports Authority. Under Armor cut its supply to Sports Authority and while they sell other products and brands besides Under Armor, the loss of that revenue knocked Sports Authority down and it has since been facing bankruptcy.

It is important now more than ever to be safe and smart about financial decisions. Don't become one of the many companies facing bankruptcy in 2016.

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  • "When I first came to the decision to file for bankruptcy, I had no idea where to start. I began researching attorneys on the internet and came across the information for Tim Sierra. Since he specialized in bankruptcy and had a lot of experience......"
  • The process of going through bankruptcy could be very overwhelming but Tim made me feel at ease and I felt that my needs were being taken care of. I truly feel that he had my best interests in mind and the lines of communication were always open....
  • "I had to file a Chapter 7 bankruptcy. I didn't know anyone who could refer someone so I took a chance and just looked on the Internet. I don't remember exactly why I chose Mr. Sierra, but I am glad I did..."
  • He was honest, straightforward, and hard-working. In my case I ended up with some extenuating circumstances and he handled the matter professionally even though I'm sure the work probably exceeded what he originally felt it would be....
  • I don't ever write reviews, and I had no prior relationship with Mr. Sierra. This review is simply being written as a service to others that Mr. Sierra is an excellent attorney and should be considered for your needs if you need one....
  • "I'm very happy to have been referred to Tim for my Chapter 7 filing. He was knowledgeable in his field and very responsive in replying to any questions or concerns I had. Tim was also very accommodating with meeting times..."
  • " I recently was in need of Mr. Sierra's services and I found him to be very understanding and helpful in my particular circumstance. He met with me and explained everything in full detail and also answered every question that I had....."
  • " I recommend Timothy Sierra a loyal and dependable lawyer. When you talk to him you feel that you are with a friend or a member of your family. Timothy is able to lead you in every step of the process. Good job Timothy."
  • " Bankruptcy is a private and personally devastating life event. Timothy Sierra and his assistant, Nancy, made the process as painless as possible. They kept in close contact via phone and email so I always knew what was happening in my case...."
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Fax: 813-258-4746
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