Bankruptcy is a legal process aimed at the elimination of debts of individuals, businesses and families. If you or your corporation is facing financial distress, bankruptcy may be the best form of debt relief. For both individuals and corporations, bankruptcy offers a framework for resolving various types of debt. It can also provide rules for the determination of how the assets will be repaid. Laws of bankruptcy can also deter creditors from taking harassing collection actions against the debtor. At Barth Calderon LLP, our asset protection attorney can help you and your business take action to obtain debt relief!
If your business is struggling and you are in need of financial relief, bankruptcy may be the right option for you. Deciding when to file and which chapter to file under can be stressful, but with the assistance of an attorney from our team, you can be assured that your case will be in good hands. Your first step to find debt relief should be to call Barth Calderon LLP. As a business owner, you likely feel overwhelmed at the prospect of filing for bankruptcy, but we can provide the assistance you require. Our firm will answer all of your questions and do what we can to ensure that your assets are protected. During a free case evaluation, our legal team can discuss how bankruptcy can benefit your business.
As a debtor, you can use Chapter 11 of the bankruptcy code to reorganize the debts of your business. Under this chapter of bankruptcy, some significant business decisions may be made by the court, but the process can help make your debts more manageable. You can also file for Chapter 7 bankruptcy to help eliminate business-related debts. In this circumstance, a trustee will be appointed to liquidate all of the company’s assets and use the proceeds to repay creditors. If you are considering bankruptcy for your business, we encourage you to contact our trusted team. As your individual or corporate bankruptcy lawyers, we offer the counsel you need throughout each stage of this trying and stressful process. Contact us today for more information!