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Is Your Business Filing for Bankruptcy?

In desperate times, a business may no longer be able to carry on its operations in the way that it must to meet financial obligations. At the Law Office of Keith Will Wynne, Esq., my firm assists companies through the completion of their Chapter 7, Chapter 11, or Chapter 13 bankruptcy. During your bankruptcy, my goal is to place the business owner in the best possible situation as their life changes with this legal transaction. As your Plant City bankruptcy lawyer, I can represent your business through its difficult financial matter. If you are prepared to move forward with bankruptcy, I can use my personal financial experience and legal knowledge to help you through the process.

Determining the Type of Bankruptcy to File Under

Bankruptcy can provide financial relief for many small businesses. Certain factors can change your circumstance, including the legal form of your business. If you are a sole proprietor, you can wipe out both personal and business debts through a Chapter 7 bankruptcy. Chapter 7 bankruptcy can also provide a way to liquidate a general partnership business' debts. If you own a corporation that is having financial difficulty, you can benefit from either a reorganization or liquidation bankruptcy. Your limited liability company can also obtain debt relief through Chapter 7 or Chapter 11.

Although the type of business you own is an important factor in determining which type of bankruptcy to choose, other elements will also need to be assessed. Whether you are personally liable for business debts and whether you want to close your business or keep it running are two factors to consider. My firm can also evaluate what type of debt you have and how it can affect your bankruptcy. Chapter 7 bankruptcy is for debtors who cannot restructure their obligations and will have to liquidate the business completely. For companies that can be restructured, Chapter 13 may be the best option. Another bankruptcy option for businesses is Chapter 11, which can be used to restructure a company's debt and allow it to continue with operation. I also assist farmers through Chapter 12 bankruptcies. Contact my firm today for legal assistance!

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Law Office of Keith Will Wynne, Esq. - Plant City Bankruptcy Lawyer

Plant City Office - 1001 E. Baker Street, Suite 101, Plant City, FL 33563. Phone: (813) 567-5894 | Local Phone: (813) 752-3100.

The information on this website is for general information purposes only. Nothing on this site should be taken as legal advice for any individual case or situation. This information is not intended to create, and receipt or viewing does not constitute, an attorney-client relationship.

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