Dealing with debt can be difficult for anyone, but especially if your an owner of a struggling small business. When you and your family's livelihood is threatened by insurmountable business debt, it may be time to consider filing bankruptcy.
Many of my clients have personally guaranteed debt for a business they own. If that small business does not make the payments on the debt, then you become the responsible party. What used to be business debt becomes your debt. Ouch!
Sometimes, as an Orlando bankruptcy attorney, the best advice I can give my clients is to file personal bankruptcy, like Chapter 7, and get personal protection from the business debt liability. Once you've protected yourself from business creditors, you may find it's not necessary to file bankruptcy for your small business.
Bankruptcy and small businesses can be tricky, no doubt about it. If you are ready to discover what options are available to you in this area, please Contact me to get started. 352-432-7003
The short answer is, yes. Whether you file Chapter 7 Bankruptcy or Chapter 13 Bankruptcy, there are strategies that will allow you to keep your business running if it is in your best interest to do so.
As with all my clients, with my small business clients l conduct an in-depth analysis of your situation, taking into account all of the financial factors in your small business bankruptcy case to determine if it makes sense to keep the business running. I will give you an honest and straight forward assessment of your situation and explain the options and their benefits and downfalls so you can make an educated decision about your financial future.
Fair warning though, you may not like what you hear. However, you can count on the fact that what you hear is being said with only your best interests at heart.
Ready to get control of that small business debt? Call me at 352-432-7003 or send me an e-mail to speak with an experienced Orlando Bankruptcy attorney about how I can help you make some admittedly tough decisions about your small business debt.
At my Orlando Bankruptcy Law Firm of K. Hunter Goff, P.A. I limit my practice to helping people file bankruptcy and receive protection from creditors under Chapter 7 and Chapter 13 of the United States Bankruptcy Code.
Over the years, bankruptcy has evolved into a specialized area of law. I take pride in knowing how the Orlando Bankruptcy Judges, Trustees, and Creditors' Attorneys interpret the Code. I use this knowledge to ensure that my clients know what to expect when they file for bankruptcy. I take a non judgmental approach to the decision my clients make to file for bankruptcy.
I understand that you probably have tried every other possible financial alternative before deciding to contact an Orlando bankruptcy lawyer. Please allow me, an experienced Orlando bankruptcy attorney, to show you how I can help you by calling 352-432-7003, for your free case evaluation.