Business Bankruptcy
Businesses in financial trouble have two options in bankruptcy:
Stay in Business
Stay in business by restructuring your debts, contracts, leases, and ultimately return to profitability. This is a chapter 11 bankruptcy.
Close Your Doors
Liquidate assets in an orderly manner and cease operations. This can be done by an appointed trustee in a chapter 7 or by the business itself in a chapter 11.
Why Hire an Attorney
Under the law, a corporation must be represented by an attorney. Beyond that, you want an attorney to get the best possible result from bankruptcy. You hire an attorney to take full advantage of all the rights available to you.
Without an attorney, you take your chances and could end up suffering thousands of dollar in losses. There are all kinds of pitfalls that could mean disaster for your bankruptcy. An attorney can steer you around those pitfalls and get you through your bankruptcy successfully.
I will be your guide, explain your situation in plain English, and tell you what to expect. I know my way around the bankruptcy court and how to get your business the best possible result.
I offer a flat-fee for Chapters 7 bankruptcies.