Timothy J. Sierra, Attorney at Law Trusted Florida Bankruptcy Attorney Since 1987
Call Today For A Free Initial Consultation

With mounting debt Florida marketing company files for Chapter 7

Most people never plan on filing for bankruptcy. However, sometimes people in the Tampa area wind up in an unfortunate set of circumstances that leave them no other choice. Although bankruptcy carries a negative connotation, it’s not always a bad thing, as it can actually help a person or company get out of debt and start over new.

A marketing company in Fort Lauderdale has filed for Chapter 7 bankruptcy because of mounting debt. According to reports, the company, SRAI Inc., a spinoff of the plastic surgery center, Strax Rejuvenation, has listed several medical malpractice claims among its debt of $3.3 million. The company filed the Chapter 7 petition as it attempts to liquidate its debt.

The owner of SRAI Inc., who also owns Strax Rejuvenation, says that Strax is still open for business and will remain so. He noted that the marketing side of the company would now be a separate business. That business is the one that has filed for Chapter 7 and the owner plans to close it as he says he no longer needs a marketing company at this time.

Companies often file Bankruptcies after they are hit with litigation, especially when a foreclosure occurs. That’s because a bankruptcy can halt any other pending court actions. When a company decides to file for a bankruptcy, whether it is Chapter 7 or Chapter 11, it is probably a good idea for that company to speak with an experienced bankruptcy attorney who can help a client wade through all the legalities of such a case.

Source: South Florida Business Journal, “Strax Rejuvenation spinoff, SRAI, files Chapter 7 bankruptcy,” Paul Brinkmann, Sep. 3, 2013.

No Comments

Leave a comment
Comment Information
  • "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...."
More Testimonials
Email Us Today

Schedule A Free Initial Consultation To talk to an experienced Tampa bankruptcy attorney, call 877-492-7449 or fill out the form. All calls are returned within 24 hours.

Bold labels are required.

Contact Information

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.


Privacy Policy

We Have Offices in Tampa, Riverview and Brandon For Your Convenience.

Tampa Office
118 South Rome Avenue
Tampa, FL 33606

Toll Free: 877-492-7449
Toll Free: 877-492-7449
Phone: 813-463-2256
Phone: 813-463-2256
Fax: 813-258-4746
Tampa Law Office Map

Riverview Office
6314 U.S. Highway 301 South
Riverview, FL 33578

Toll Free: 877-492-7449
Toll Free: 877-492-7449
Phone: 813-463-2256
Phone: 813-463-2256
Fax: 813-258-4746
Map & Directions

Brandon Office
305 North Parsons Avenue
Brandon, FL 33510

Toll Free: 877-492-7449
Toll Free: 877-492-7449
Phone: 813-463-2256
Phone: 813-463-2256
Fax: 813-258-4746
Map & Directions