Rockville Business Bankruptcy Attorney

Bankruptcy Relief for Small Businesses in Maryland

Just as consumers can get into debt over their heads, businesses are also vulnerable to unprofitable operations, and might need to turn to bankruptcy for the breathing space necessary to resolve problems with individual creditors. If you need advice about bankruptcy's ability to help your business survive or limit further financial damage, contact an experienced bankruptcy attorney at the law firm of Steven E. Mirsky, LLC, in Rockville, Frederick or Laurel.

Steve Mirsky has more than 30 years of bankruptcy experience in Maryland

Over the years, we've found that small businesses with serious debt problems find it difficult to survive with or without bankruptcy. In some cases, however, especially those where your main financial pressure is coming from just one or two key creditors, bankruptcy can give your business the breathing room it needs to work out a solution and stay in business.

Whether or not your company is likely to go under, you can count on our lawyers for reliable advice and honest insights about what bankruptcy can and can't do for you. In cases where your business is essentially viable but facing a particular crisis in the form of tax debt, landlord problems, or even uninsured tort liability, a Chapter 11 case can give you temporary relief from creditor pressure while you work toward a plan of reorganization.

For companies with broader debt problems or a continuing history of red ink, the problem isn't so much how to save the business as it is to cut your losses and avoid further liability, especially on personal guaranties. Depending on your business entity form and how well you've kept separate accounts, we might recommend either Chapter 7 or Chapter 13, perhaps in combination with a personal bankruptcy case to prevent business liabilities from threatening your family finances.

Call (866) 654-2003 or (301) 637-0412 to consult with us in Rockville, Frederick or Laurel

If there's a realistic prospect of saving your business, we can help you find it. If it makes better sense to close the doors and move on with your life, we can help you do so with a minimum of financial damage and loose ends.

To learn more about our ability to advise and represent businesses effectively in bankruptcy, contact an attorney at the offices of Steven E. Mirsky, LLC.