Helping Businesses With Chapter 7 Bankruptcy In West-Central Florida
You are the founding owner-operator of a small startup or executive of a mid-sized business and it has become clear that it is time to close up shop. The business’s debts have become insurmountable and the monthly income does not come close to covering these debts.
For many businesses in this situation, the best solution is a Chapter 7 bankruptcy. As an experienced business debt relief lawyer serving businesses throughout west-central Florida, I can help you. I have been representing clients in all types of business bankruptcy matters for more than 40 years. With my knowledge and experience, I can help you determine the best course of action for your business and walk you through the process.
Is Chapter 7 Bankruptcy Right For Your Business?
There are other bankruptcy options available for businesses facing debt problems. A Chapter 11 is good for businesses who have some debt problems but could likely continue to succeed and grow if their debts were restructured. Chapter 7 is a better solution for businesses that are buried in debt with little hope of coming out of it even if the debts were restructured.
At David W. Steen, PA, I can work with you, look over your financial records and help you determine whether Chapter 7 is the right choice for your business. I represent small startups to medium-sized businesses throughout west-central Florida.
The Chapter 7 Process
After the initial consultation, we can gather all the necessary documentation and file for Chapter 7. Once the claim is filed, an automatic stay goes into place, which means that your business’s creditors cannot continue pursuing the satisfaction of your debts for the duration of the bankruptcy proceedings.
The bankruptcy court will hold hearings and look over your financial documents.
Once you are approved for bankruptcy relief, your debts will be discharged, and a bankruptcy trustee will oversee the liquidation of all your business’s assets to compensate your creditors.
I have been through this process countless times in more than 40 years as a business bankruptcy lawyer. I will be at your side every step of the way to facilitate the process and ensure your interests are protected.
Contact David W. Steen, PA
David W. Steen, PA, is a debt relief agency. I help people file for bankruptcy relief under the U.S. Bankruptcy Code.