Businesses have faced numerous challenges over the years. It is reasonable that small firms have struggled and that owners may now be in debt. We can help individuals who are sole proprietors, LLC owners, or corporate owners file for Chapter 11 bankruptcy. This can help with business debt restructuring through bankruptcy. Importantly, a corporation can continue to operate while this process is underway. While you reorganize your business, Chapter 11 might help you keep your creditors at bay. It is critical that you have a professional agent to assist you.
For corporations and individuals with extremely high debt, Chapter 11 is an alternative to keep the business running while reducing or controlling payments to creditors and getting out of burdensome contracts and leases. Chapter 11 is the most complicated of the Chapters and requires great legal expertise to be successful.
Initial consultations are meant to acquire a thorough grasp of your position and to assist you in fully comprehending your options. This will involve advising you in choosing and explaining which bankruptcy chapter is best suited to your situation, which bankruptcy exemptions are available to preserve your assets, and what to expect throughout the process. The bankruptcy process can help to decrease or eliminate credit card debt, stop foreclosures, and stop wage garnishments. We will keep you updated as the case progresses. We have a great deal of experience in helping businesses in Northport. To arrange an initial consultation, please contact us online immediately.