Business bankruptcy & dissolution
When business gets bumpy, it’s in your best interest to seek legal advice before you begin bankruptcy, dissolution or breaking up with a partner. A small business lawyer can help you navigate choppy waters with grace and financial savvy.
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.
- Eighty percent (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 and they will help you make an informed decision.
Dissolve or break up a business gracefully
When partners launch a business, everyone is optimistic and has the best intentions. Whether a relationship has gone sour or you just need to dissolve your business, protecting your rights and minimizing financial damage requires the assistance of a component business lawyer. Also, it’s important to wrap everything up in a way that does not leave lingering liability that can come back to bite you down the road.
With a Small Business Plan from LegalShield, your business is entitled to unlimited consultation with an experienced lawyer to help you sort out your options and take action. Your lawyer can even review documents and provide feedback to help you through the dissolution process. Lawyer drafted templates are available for download to help you get started.
Get a Small Business Legal Plan now so you can get over this bump in the road.
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 your lawyer can make calls and write letters on behalf of your business to negotiate settlements with creditors, vendors and customers.
Key features of our Small Business Legal Plans
LegalShield’s business plans can help you in the following areas:
Advice, consultation and research
Legal consultation from a provider lawyer on business legal matters, with legal research for each issue, if needed.
Letters or phone calls
Receive help with business legal matters more efficiently with professional communications issued on your behalf.
Document review
Put business-related legal documents through legal review.
Collection letters
A collection letter from a provider lawyer could help you recoup payments more efficiently.
How LegalShield works
Finding solutions to your legal issues doesn’t have to be stressful, complicated or expensive. LegalShield puts the power of legal representation within reach of any individual, family, or business. We work hard to make it easy, simple, and affordable to get the legal help you need, when you need it.
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