When your business suffers under an unsupportable burden of debt, it is important that you contact a bankruptcy lawyer as soon as possible. At the Law Offices of John Schmidt & Associates PLLC, we help business owners when they can no longer pay their creditors. We understand that the thought of filing for bankruptcy can be nerve-racking, but our kind and experienced team of local Kentucky attorneys works patiently with you to assist you through the entire process and secure the future of your business.
Just as Chapter 13 bankruptcy is an option for people who want to maintain their possessions, Chapter 11 bankruptcy is an option for business owners who want to maintain control of their businesses. This is usually the case when a business’s long-term revenues will likely bring in more money than its current assets. Creditors thus prefer to allow the business to reorganize under Chapter 11 bankruptcy protection because it’s the best option for all parties.
You may consider filing for Chapter 11 bankruptcy if your business faces any of the following issues:
A Shepherdsville bankruptcy lawyer works with you to restructure your business and create a repayment plan to clear your debts. You can also choose to liquidate your company through Chapter 11 bankruptcy.
You may feel anxious about the complicated nature of filing for Chapter 11 bankruptcy, but that’s what we are here to handle. Our Shepherdsville lawyers carefully analyze your business’s financial state and seek results including:
