Shepherdsville Chapter 11 Bankruptcy Attorney Helps You Restructure Your Business
Our Louisville Chapter 11 bankruptcy lawyers get your business out of debt
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.
Chapter 11 bankruptcy allows you to keep your business open
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:
- Inability to pay vendors
- Foreclosure of property
- Inability to make tax payments
- Inability to pay employees
- Significant loss of profits
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.
A Shepherdsville Chapter 11 bankruptcy attorney protects your business
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:
- Debt relief. With a solid repayment plan in place, your business soon becomes debt-free.
- No foreclosure. We enable you to keep your business property and avoid the stressful foreclosure process.
- A better financial future. We help you restructure your company to improve its financial outlook and avoid going through this process again.