If you are considering filing bankruptcy on your small business, speak to a knowledgeable attorney first. Many times, there are better options that can allow you to continue operating your business.
Scottsdale Chapter 11 Bankruptcy Attorney
If your small business is on the verge of financial failure,
Contact Wright Law Offices online or call 480-845-0145 for a free consultation.
Bankruptcy and Your Small Business
If your business is in distress, you must first consider whether it is worth saving. With a small business, it may be best to cut your losses and stop operations. Filing business bankruptcy may only put you in a worse place by preventing you from getting the credit your company needs to stay afloat.
If you believe that reorganizing your debt could be beneficial to your business operations, then Chapter 11 bankruptcy could be an option. However, this method is usually most successful for larger companies.
Many small business owners’ personal and business finances are intertwined. Instead of filing bankruptcy on their small businesses, often our clients choose to file Chapter 7 or Chapter 13 personal bankruptcy. This can allow a business owner to keep the business while providing relief of personal, unsecured debt.
Speak to a Phoenix Business Bankruptcy Attorney
Before filing bankruptcy on your small business, talk to a professional. Call our Phoenix small business bankruptcy attorney at 480-845-0145 or
contact us online.