Can Bankruptcy Save Your Business?
Simon Resnik Hayes LLP, represents a wide range of businesses in bankruptcy proceedings, including sole proprietorships, limited liability companies (LLCs) and partnerships. Your debt problems are unique, and our attorneys will work with you to craft a legal strategy that suits your unique needs. We can help you explore all of the debt relief options available to you, including:
- Small business Chapter 7: Filing for Chapter 7 bankruptcy liquidates business assets to pay off creditors, and generally marks the end of a business. A trustee will be appointed to take over the liquidation process, relieving you of the responsibility of dealing with your creditors.
- Small business Chapter 13: Chapter 13 bankruptcy can protect you from eviction, IRS collections and other creditor actions, while giving you time to get your business back on a stable footing. You get to keep running the operation of the business with the regular income still in tact with the added benefit of just one payment to the Chapter 13 Trustee. The Chapter 13 reorganization is substantially more cost effective than the standard Chapter 11.
Do You Need a Bankruptcy Attorney for Small Businesses Restructuring?
Chapter 11 bankruptcy is generally for large corporations and is seldom advisable for small businesses. Whatever debt problems your business is facing, our lawyers will work to help you achieve your legal goals.
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.