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Is Bankruptcy the Best Option for Your Business?
It goes without saying that declaring bankruptcy is a big decision that may impact your life for many years. Getting it right requires answering tough questions and getting good legal advice.
- 80% of all bankruptcies are a straight liquidation of assets under Chapter 7.
- Chapter 11 is a more complex reorganization typically used by larger businesses.
- Chapter 13 is a simple reorganization to pay creditors over 3-5 years.
Is bankruptcy the best choice for your circumstances? Which type of bankruptcy should you pursue? What’s the process and how do you get started?
Don’t stress and guess. Join LegalShield now and you can be on the phone with a bankruptcy lawyer within 4 hours after initial contact and they will help you make an informed decision.
Legal Representation for Bankruptcy Proceedings
If you have decided to go ahead with bankruptcy, there will be documents that need to be filed and hearings and court appearances you may have to attend. Due to the fact that bankruptcy can be an emotional, stressful and complicated process, you’re going to have questions and need help from a lawyer.
The good news is that for as little as $49 per month you can get the legal representation you need for a fraction of the normal fees associated with hiring a lawyer directly. Also, your lawyer can make calls and write letters on behalf of your business to negotiate settlements with creditors, vendors and customers.