Keep Your Business Operating with the Help of Chapter 11 Bankruptcy Reorganization Chapter 11 bankruptcy provides businesses with the opportunity to reorganize their operations and debts. Under an approved plan, your company can continue doing business and ultimately eliminate your debts. Under Chapter 11 you will propose a plan for consideration by the court and your creditors. It may involve a reduction, repayment and/or cancellation of your debts. This can help save jobs and allow you to keep the assets your company needs in order to continue in operation. Chapter 7 bankruptcy results in the liquidation of most assets to repay outstanding debt, forcing you out of business.
Keep Your Business Operating with the Help of Chapter 11 Bankruptcy Reorganization Chapter 11 bankruptcy provides businesses with the opportunity to reorganize their operations and debts. Under an approved plan, your company can continue doing business and ultimately eliminate your debts. Under Chapter 11 you will propose a plan for consideration by the court and your creditors. It may involve a reduction, repayment and/or cancellation of your debts. This can help save jobs and allow you to keep the assets your company needs in order to continue in operation. Chapter 7 bankruptcy results in the liquidation of most assets to repay outstanding debt, forcing you out of business.
Maryland and D.C. Commercial Bankruptcy Attorneys
Rockville MD Chapter 7 Business Bankruptcy Lawyer Frederick Maryland Chapter 11 Attorney Washington DC
Keep Your Business Operating with the Help of Chapter 11 Bankruptcy Reorganization
If you are a business owner struggling with your business’ finances, you may find that Chapter 11 bankruptcy reorganization is the best way to keep your business in operation. At the law office of Steven E. Mirsky, LLC, we provide representation to business owners who are experiencing financial difficulties.
To speak with one of our lawyers regarding your options, contact our law firm today to arrange a free consultation.
In most circumstances, Chapter 11 bankruptcy will be the most advisable route. For some businesses, direct negotiation with your creditors or Chapter 7 bankruptcy may be an option. Whatever the best option for your company, attorney Steve Mirsky has more than 30 years of experience helping companies just like yours get debt relief and resolve their financial crises.
Our firm takes the time to understand to our clients’ needs and goals. We know that a great deal of hard work went into getting your business up and running. If a goal is to keep your business operating—at least until you can pay your debts—we can help you find a way to do it.
If you are facing tax liens or levies, attachment of bank accounts, personal liability for vendor contracts, or other financial issues that are threatening the continuation of your business, we can help. For example, since the IRS is a priority lender, paying them may reduce your personal exposure to liability.
We May Be Able to Help You Avoid Filing for Commercial Bankruptcy Altogether
Our law firm can often help businesses find real, practical alternatives to filing bankruptcy. We may be able to negotiate with creditors on your behalf to settle debts. In some situations, we can offer creditors a pro rata share of the proceeds of the business’ assets. We can help you explore various alternatives to filing bankruptcy.
Contact us today to arrange your free consultation and learn how we can help.
With office locations in Rockville, Frederick and Laurel, Maryland, we represent clients throughout Montgomery County and the Washington, D.C. metropolitan and surrounding areas. Our office hours are 9:00 a.m. to 5:00 p.m. with off-site, evening and weekend appointments available by request.
Payment Plans Accepted.
