partnerships, you may file Chapter 7 or Chapter 13 bankruptcy. Be aware that filing for Chapter 7 on your own behalf will not discharge business debts.
You may also file for Chapter 7 on behalf your business. Chapter 11 bankruptcies are also available to LLCs, corporations and other small businesses. Only individuals are eligible to file for Chapter 13.
How Can I Achieve the Most Favorable Outcome?
Bankruptcy is one process you don’t want to go alone. Though you may be concerned about incurring more debt, it makes sense to work with a trusted attorney when it comes to serious financial matters such as your assets, property rights and livelihood. Working with an experienced, conscientious lawyer is the first step to planning for a favorable outcome.
As you look for a bankruptcy attorney, keep these qualities at the top of your list:
- Licensed attorney (not an internet guru)
- Specialist in bankruptcy law
- Experienced in local laws
- Established track record
- Reputable and successful case history
- Communicative and responsible
- Genuine interesting in working with you and fighting for your case
While it might be tempting to cut corners and save a buck, remember your financial future is at stake. For long-term success and relief, work with law firms that have the experience and track record to prove it.
As prepare for your bankruptcy case, be sure to have your documents in order. Understand how much debt you owe, the kind of debt it is and the nature of your business (e.g. LLC, sole proprietorship, corporation).
Where Can I Find Quality Legal Counsel?
Located in Alexandria, VA, Tyler, Bartl & Ramsdell, P.L.C. specializes in helping business owners achieve financial freedom again. Though filing for bankruptcy is never easy, our attorneys can make the process less painful by determining the best way to move forward.
Our law firm has helped countless business owners discharge debts, safeguard their assets and remain in operation. To discuss your case and how to proceed, contact Tyler, Bartl & Ramsdell, P.L.C., for a consultation.