In certain situations, a small business can greatly benefit by filing for bankruptcy. Contrary to what you might believe, filing for bankruptcy does not mean the end of the company’s life. Often, by filing for small business bankruptcy, this gives you time to reorganize and retain vital assets. This includes keeping and maintaining the stream of income to keep the business open while consolidating any debt. You can even stop a IRS garnishment or bank levy.
Chapter 11 and 13 Small Business Bankruptcy
At Simon Resnik Hayes LLP, we make sure to take the time to understand what your goals are, and we will do everything we can to save your business. We can see if you meet the eligibility requirements for Chapter 11 or Chapter 13.
Our lawyers can help you understand and utilize all of the benefits of bankruptcy, including:
- Legally shielding yourself from personal and professional creditors
- Obtaining an injunction to prevent foreclosure, seizure or forfeiture proceedings
- Protecting current assets and future earnings
- Helping you maintain a budget and reshape your cash flow
- Developing a strategy to avoid laying off employees or eliminating benefits
- Discharging certain IRS debts
- Keeping vendor relationships in tact by establishing an organized payment plan
We understand that not every business would best be served by filing for bankruptcy. We can help you understand what other debt relief options might fit your situation and help you execute them appropriately. We look at every situation on a case-by-case basis and strongly believe in custom tailoring a solution that best fits your needs.
Contact Our Small Business Bankruptcy Attorneys — Chapter 11 and Chapter 13
For a free initial consultation about filing for bankruptcy with Simon Resnik Hayes LLP, call 888.368.4099 or contact us online. Our offices are open weekdays from 7 a.m. to 7 p.m., and we serve clients in the Los Angeles area and San Fernando Valley through offices in Sherman Oaks and Los Angeles.
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We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.