Bankruptcy Options for Businesses
Debt is something that all businesses must deal with at one point in time. Unfortunately, even the most well-run businesses can be affected by conditions that are beyond their control. In the worst case, overwhelming financial obligations may require a business to pursue bankruptcy protection. In the United States, there are a number of different forms of business bankruptcy. A knowledgeable legal professional with experience in bankruptcy law can help you understand which option may be right for you.
If you or someone you know is the owner or operator of a business that is struggling with financial difficulties, we can help. Contact a Raleigh business bankruptcy lawyer of the Bradford Law Offices, PLLC today at (919) 758-8879 to discuss the details of your situation with an experienced member of our legal team and determine which course of action is best for your business’ needs.
Types of Business Bankruptcy
The form of bankruptcy that may be most beneficial for your company depends on a number of different factors, including the type of business you have and the nature and depth of your financial problems. Some of the most common bankruptcy options available to businesses include:
- Chapter 7 Bankruptcy
- Chapter 11 Bankruptcy
- Chapter 12 Bankruptcy
Additionally, in some circumstances, it may be useful for a business owner to file for personal bankruptcy, rather than business bankruptcy.
If your business is struggling with financial problems, it is important to remember that you have options. Contact a Raleigh bankruptcy attorney of the Bradford Law Offices, PLLC at (919) 758-8879 today to speak with an experienced lawyer for more details about how bankruptcy may be able to help your business.