Debt Relief For Corporations, Small Businesses And Individuals Through Chapter 11
Appropriate debt relief solutions need to be as unique as the debt loads that make them necessary. While bankruptcy laws provide frameworks for discharging or reorganizing debts, an individual company or person brings a particular set of facts to the table. An attorney can help determine the most cost-effective approach to addressing unmanageable debt.
At Goldsmith & Guymon P.C., in Las Vegas, Nevada, we take the time to learn about a potential client or a new client’s debt relief needs and then recommend suitable solutions. For many large corporations, some small businesses and occasional consumers, Chapter 11 bankruptcy brings the answers they are looking for. Our bankruptcy law attorneys look forward to the opportunity to evaluate your financial situation and help you proceed through Chapter 11 bankruptcy as efficiently as possible if it is the right choice for you.
What Chapter 11 Bankruptcy Can Do For Your Business
Chapter 11 bankruptcy enables your business to reorganize debts with a customized approach. When your business files Chapter 11 bankruptcy, the filing will include proposals for aspects such as the following:
- Maintaining or restoring profitability
- Trimming costs
- Pursuing new sources of revenue
Meanwhile, your creditors will have a strong incentive to work with you to reduce or eliminate debts. They will likely understand that if your Chapter 11 bankruptcy is not effective, a Chapter 7 bankruptcy leading to full debt discharges may be the next step.
Our Nevada-based bankruptcy lawyers’ achievements have included many successful bankruptcies of all varieties, including Chapter 11. With our guidance, your business can find relief through the automatic stay that will go into effect upon filing.
The automatic stay will stop creditors from collecting on debts while you carry out your reorganization plan. For example, you may renegotiate commercial leases, negotiate partial repayment of problematic debts and otherwise get back to a place of successful operations without the crushing burden of debts holding you back.
How We Can Help
Whether you represent a corporation, a small business or yourself as a high-earning individual with unmanageable debt, we are ready to help you determine whether Chapter 11 bankruptcy will meet your needs cost-effectively.
We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.