Small Business Bankruptcy, Jupiter, FL

When it comes to small business bankruptcy, our attorney can assist with both Chapter 7 and SubChapter V  bankruptcy. If hard times have made it impossible for your company to sustain operations, filing for Chapter 7 bankruptcy may be the best choice. Chapter 7 involves liquidating your business assets to pay off creditors. There is no discharge in a business Chapter 7, but you may be able to retain some business assets if all debts are satisfied. If you have personally guaranteed your business debt, you may also choose to file for a personal Chapter 7 bankruptcy to eliminate the personal guaranty liability.

On the other hand, SubChapter V bankruptcy is a reorganization like Chapter 13, and it allows you to reorganize debts and create a feasible repayment plan, all while continuing to operate your company. 

When you contact our attorney regarding small business bankruptcy, he will take the time to answer any questions you might have, as well as review the options you have to ensure you get the details you need to determine your next step. In addition, our attorney can explore alternatives to bankruptcy to assess if another path is the best choice, such as debt consolidation, selling assets, or negotiating with creditors.

If your company is struggling financially and bankruptcy seems like a viable solution, contact us today.