DGIM Law, PLLC

Curious about the different types of bankruptcy? DGIM Partner Daniel Gielchinsky has covered Chapter 7 and Chapter 11, and now it's time to dive into the final one: Chapter 13. Still have questions about what they mean or which one might suit your financial situation? Drop them in the comments—we’re here to help!

According to Bloomberg, over a dozen large restaurants and franchisees have filed for bankruptcy from January through October this year—the highest number since 2020, per BankruptcyData. Rising labor costs, supply chain disruptions, and higher interest expenses are driving up restaurant prices, dampening consumer demand for dining out. Chains generating $20M+ annually are filing at their fastest pace since the pandemic began, signaling a challenging year ahead for the industry. https://lnkd.in/e7CAHijy

With the 2025 tax sunset on the horizon, it’s time to rethink your estate planning strategy. DGIM Partner Monique D. Hayes shares her predictions for 2025 and offers recommendations for navigating the tax environment ahead: "The scheduled sunset of tax cuts in 2025 is prompting individuals to reassess estate plans, anticipating higher tax rates and lower estate and gift tax exemptions. Many are exploring strategies like gifting and trusts to minimize potential tax burdens before exemptions revert to pre-2017 levels, likely creating a significant surge in estate planning activity in 2025."

DGIM Partner Jonathan Groth had the privilege of attending a celebration honoring Judge Myriam Lehr’s remarkable 27 years of judicial service. Beyond her exemplary work on the bench, Judge Lehr is the founder of the North Dade Justice Internship Program, inspiring and guiding future attorneys and judges. We extend our gratitude for her outstanding contributions and wish her continued success in the next chapter of her journey.

🚨 "12 to 14 months to survive" – That's the grim forecast from a senior Nissan official as the automaker scrambles for an anchor investor amidst declining sales and shifting partnerships, as reported by Financial Times. With Renault reducing its stake and talks underway with Honda, Nissan faces a pivotal moment in its history, highlighting the critical importance of financial restructuring during periods of crisis. Will Nissan be the next big automotive corporation to file for bankruptcy? Read more here: https://lnkd.in/ey-2e72R

Cryptocurrency has been making waves for years, but post-election buzz suggests its influence is growing even faster. With brands like Virgin Voyages and Ferrari now accepting crypto as payment, could it be on its way to becoming a mainstream currency sooner than expected? What does the future hold for the crypto market in 2025? DGIM Partner Jonathan Groth shares his insights: "The cryptocurrency’s market and sphere of influence will continue to grow larger as businesses adopt policies to accept digital assets as a form of currency and as countries around the world enact robust regulatory frameworks to make tokens more viable and stable. In the wake of Celsius and FTX, consumers and investors should remain cautious and diligent as they seek to be more involved in the world of digital assets."

Engaging in meaningful conversations and exchanging diverse ideas are the driving forces behind our success. Daniel Gielchinsky Monique D. Hayes

DGIM Partner Jonathan Groth recently spoke with Bisnow on SEC crypto regulations and their impact on market exits. With high fees, delays, and little federal oversight, navigating large transactions remains complex. “We need a regulatory framework that supports growth and innovation,” Jonathan, whose practice now focuses on cryptocurrency and digital assets in insolvency, bankruptcy, and loan workouts, explained. Click below to read the full article. https://lnkd.in/e3Ep87Sh

As the year winds down, DGIM Partners reflect on their bankruptcy predictions for the year ahead. Daniel Gielchinsky foresees significant challenges in the automotive sector, particularly among parts suppliers in the EV space. "I predict that we will see a continued contraction in the automotive industry. We can expect to see several bankruptcy filings by parts suppliers, especially in the EV space. We can also expect to see significant M&A activity in this space as smaller companies are either absorbed into larger ones or are purchased by private equity firms and bundled within an automotive portfolio of companies."

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