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 attorney within 4 hours and they will help you make an informed decision.
How a Legalshield Small Business Plan Works for Bankruptcy and Dissolution
All LegalShield plans come jam-packed with valuable benefits. When it comes to getting help with bankruptcy, dissolution and business breakups, the most common plan usage is in two areas.
CONSULTATION AND ADVICE
You can have unlimited phone consultation with a business attorney to get questions answered, receive legal advice and make sure you’re making the right moves.
DOCUMENT REVIEW AND NEGOTIATION
You can have your attorney review any documents (up to 15 pages each) and even make phone calls and write letters on behalf of your business to resolve disputes with vendors, creditors or customers.
You get the best of both worlds. You have the help of a bankruptcy attorney to make sure your financial interests are protected AND you save a ton of money.
Key Features of Our Small Business Legal Plans
LegalShield’s business plans can help you in the following areas.