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Facing financial failure business or otherwise, is a hard pill to swallow. As a business owner, getting experienced legal advice is vital to any concerns you may have in regard to your business and bankruptcy. Partnerships, corporations, and sole proprietorship all have the option to file for protection under Chapter 7 bankruptcy. This may be the best option for you if:

  • Your business currently faces a court judgment that is beyond your means of paying back.
  • Your business debts are too high.
  • Bill collectors are harassing you and your employees in search of repayment.

When Chapter 7 Isn’t The Best Option For Your Business

Weighing your options with a Port Charlotte bankruptcy attorney is always in your best interest. There are times when you and your attorney may be able to salvage your business and assets. If this is an option for you, talk to your attorney about filing Chapter 11 or Chapter 13 bankruptcy for your business.

Chapter 11 Bankruptcy: Helping You Stay In Business

Many business owners believe that if they file for bankruptcy, they will lose their business. This is not always the case. A Port Charlotte bankruptcy attorney may be able to rescue your business through reorganization via Chapter 11 bankruptcy.

This is an excellent option for a company to continue to operate, while gaining time to restructure their business without the potential risks of tax issues, lawsuits, or creditor actions. Chapter 11 bankruptcy is similar to Chapter 13 bankruptcy. However, Chapter 11 bankruptcy doesn’t have any limits on the amount of debt your business owes, allowing you to control certain aspects of your business and the process as you go through the bankruptcy. Other benefits of filing Chapter 11 bankruptcy with your Port Charlotte bankruptcy attorney are:

  • Protects assets that may be subject to liquidation.
  • Allows you to pay debts, even taxes, over time.
  • Your business stays operating, while your regroup and reorganize.
  • Provides compensations for all debts added in the bankruptcy plan, from taxes to rent loans and legal expenses that may stem from lawsuits.

As the most experienced and largest bankruptcy filers in the region, Miller, Hollander, & Jeda have helped businesses, both large and small file Chapter 7, Chapter 11, and Chapter 13 bankruptcy. As your dedicated Port Charlotte bankruptcy attorney you can trust our knowledge of bankruptcy law and our determination in helping you get your business back on its feet. Cal us today at (239) 775-2000 today to schedule a free confidential consultation at any of our three offices in Southwest Florida.