- When Evaluating A Small Business’s Situation, What Are Some Of The Most Important Questions You Ask To Determine How To Advise The Business Owner On What The Next Best Steps Might Be?
- Should We Pay Any Creditors Back, Especially Those We May Want To Have A Business Relationship With In The Future?
- As A Business, Should We Contact Any Partners We May Owe And Give Them A Heads-Up That We May Be Filing For A Bankruptcy?
- Is It Better To Just File For Bankruptcy Or Should I Just Dissolve My Business?
- Do All Owners And Partners Need To Be Named And Agree On A Business Bankruptcy?
- Before The Small Business Reorganization Act Of 2020, What Were The Only Real Options For Struggling Businesses Considering Bankruptcy? Why Was This Not Enough?
- Will I Be Able To Operate Business As Usual During A Small Business Bankruptcy?
Business owners who find themselves financially troubled can explore ways to get their business back on track by filing for business Chapter 7 or Business Chapter 11 bankruptcy. A business bankruptcy is a voluntary legal proceeding which may be filed by a financially troubled business or company that is seeking protection from its creditors. These two types of bankruptcy options available to businesses may be used to achieve different objectives. For example, the business may file a Chapter 11 to financially recognize or restructure the business. Similarly, a Chapter 7 may be filed to liquidate the business altogether. If you are not sure which option is better for your business, get help from a business bankruptcy attorney in California. You can also call us at (562) 777-9159 to speak with our business Bankruptcy lawyer in Whittier, CA.
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