Bankruptcy Counsel for Business Bankruptcy Filings
Business entities, including corporations and limited liability companies, can seek bankruptcy protection under chapter 7 and chapter 11 of the bankruptcy code. A chapter 7 bankruptcy for a business entity is a straight going-out-of-business liquidation bankruptcy, while chapter 11 offers extensive flexibility for reorganization, partial liquidation, or orderly total liquidation.
Our firm is available to counsel businesspersons about their options for business bankruptcy. Early consideration of a bankruptcy contingency allows the business to more effectively approach non-bankruptcy debt work-outs. Sometimes, the creditable threat of bankruptcy can help move along negotiations with creditors.
If you would like to discuss business bankruptcy options, please contact our bankruptcy attorney, Erich Fabricius, directly at emf [at] fabriciuslaw.com.