Business Debt Reorganization
Although your business is looking at serious debt problems, there is hope. It looks like your business could continue operating, profiting and growing if you could somehow reorganize and restructure the debts, leases and contracts. If you are the owner-operator of a startup or executive for a medium-sized business facing this situation, a Chapter 11 bankruptcy could be the perfect solution.
At David W. Steen, PA, you will get the help you need. I have been helping businesses successfully overcome pressing business debt concerns for more than 40 years in west-central Florida. Contact my office to discuss debt relief options so your business can continue to thrive.
Is Chapter 11 The Right Choice For Your Business?
Although Chapter 11 is an excellent debt relief option for many businesses, it is not the only choice and it is not always best for every situation. For businesses completely buried in debt, with almost no likelihood of recovery even if their debts were reorganized and restructured, a better choice would be a Chapter 7 bankruptcy.
However, if the business you represent seems would be viable if some of the debt situation were to change, Chapter 11 could be the right choice. Since Chapter 11 doesn’t liquidate all of the business assets or discharge all the debts, it is often possible for a debt-laden business to obtain Chapter 11 bankruptcy relief and then continue to grow and prosper for years. Many well-known companies and brands have, at one point in their histories, obtained Chapter 11 bankruptcy relief.
I can help you determine whether Chapter 11 is right for your business. If it is, I will be your legal advocate through the entire process to ensure your long-term business interests are protected.
In four decades of practicing law, I have the whole gamut of business stories. Whatever situation your business is facing, I can help you determine the best course of action and help you through the crisis. Call me at 813-359-1081 or email me to schedule a consultation.
David W. Steen, PA, is a debt relief agency. I help people file for bankruptcy relief under the U.S. Bankruptcy Code.