Arizona Business Bankruptcy Attorneys
Entrepreneurs are at the heart of our country's economy. Despite the many risks of starting a new business, they have the dedication and courage to put their savings and reputations on the line. Sadly, the economy is affected by more factors than we could ever track or predict. Even a business owner's best efforts cannot always save a company from staggering debts.
If your business is sinking into debt, filing for bankruptcy may be your best chance of eventually starting over with a clean financial slate. The Harmon Law Office's qualified Arizona business bankruptcy attorneys are ready to help you clear your debts, while maximizing your chances of salvaging your business. Call us today at 480-829-0494.
Choosing a Type of Business Bankruptcy
There are several different ways that a business owner in financial distress can file for bankruptcy. Each is covered under a different branch of the US Bankruptcy Code. Before you can begin paying off your debts and restoring your credit score, you need to decide whether you will file under:
Each method has complicated advantages and disadvantages that you will need to consider. For example, Chapter 7 allows you to pay off your debts quickly, but may require you to sell your business assets to a third party. In contrast, Chapter 11 can allow your business to continue operations under your management, but it may be several years before your debts are settled.
Our Arizona business bankruptcy attorneys are ready to help you decide which method will be most advantageous for you. Once you have chosen a course of action, we will assist you every step of the way, fighting to make sure your rights are protected.
Contact Us
The Harmon Law Office's experienced Arizona business bankruptcy lawyers can offer the advice you need in language you can understand. Contact us today at 480-829-0494.