Fayetteville Chapter 7 Business Bankruptcy Lawyer
Chapter 7 bankruptcy is a popular debt relief option for individuals and businesses alike. Though there are some technical differences between Chapter 7 for individual filers and Chapter 7 for businesses, at their core, these two bankruptcy options have much in common. Namely, this bankruptcy option can allow a business to have much, if not most, of their outstanding debt completely dismissed at the end of the bankruptcy process.
At the Bradford Law Offices, PLLC, our Fayetteville Chapter 7 bankruptcy attorneys know that running a business that is mired in debt is a stressful and scary experience. That’s why we’re dedicated to doing everything we can to help your business move past this difficult time. Learn more about how our experienced team can help you find debt relief by calling us today at (919) 758-8879.
Understanding Chapter 7 Bankruptcy for Businesses
In general, Chapter 7 bankruptcy for businesses functions very similarly to Chapter 7 bankruptcy for individuals. In this form of bankruptcy, certain business assets may be liquidated in order to pay back creditors. Additionally, bank accounts and other financial assets will likely be combined to create a fund to repay creditors.
At the end of the bankruptcy filing, the vast majority of a business’s debts will be discharged, or eliminated completely. Unfortunately, determining if you qualify for this form of bankruptcy is a confusing and complicated process. At the Bradford Law Offices, PLLC, our Fayetteville Chapter 7 bankruptcy lawyers are ready and able to help your business find out if this bankruptcy option is right for you, and to help you learn more about:
- Protecting your business with Chapter 7 bankruptcy
Contact a Chapter 7 Business Bankruptcy Lawyer in Fayetteville Today
If your business is struggling to repay creditors, the good news is that help is available. Contact the Fayetteville Chapter 7 business bankruptcy attorneys at the Bradford Law Offices, PLLC today by calling (919) 758-8879 and find out if filing for Chapter 7 bankruptcy is the right move for your company.