Solving Business Debt Problems With Bankruptcy
Many small-business owners are unprepared for financial emergencies. Often, they are at risk for potential personal financial exposure when their businesses are in trouble. This can be true for businesses owned by one person and even for corporations and other formations.
Our attorneys at Robinson Salyers, PLLC, in Shelbyville and Frankfort, Kentucky, help protect small-business owners when they can no longer afford their business expenses. They help them weigh different debt relief options and, if necessary, walk them through the bankruptcy process. They are experienced and knowledgeable and strive to protect their clients’ assets from creditors and tax liabilities.
Bankruptcy can give you time to pause and catch your breath.
Your Business Matters — Work With A Strong, Experienced Lawyer
Our attorneys dedicate themselves to helping small-business owners achieve financial recovery. They have extensive experience in bankruptcy and commercial disputes to advise clients on the options that will best fit their situations.
Most clients need immediate relief. Our lawyers can get the process started quickly and take all steps necessary to minimize delays. They are responsive to client communications and effectively manage every detail of every case. They are successful because they have an in-depth understanding of all aspects of bankruptcy and business law.
Our attorneys have helped countless members throughout the community obtain a fresh start. They counsel clients on the differences between Chapter 13 and Chapter 7. Chapter 13 is useful when a small-business owner can make payments under a plan that reorganizes his or her debts. This could allow the owner to keep the business.
In many cases, reorganization under Chapter 13 is not optimal, and clients are better served by filing for Chapter 7 personal bankruptcy. With Chapter 7, small-business owners could eliminate debts such as:
- Personal guarantees on business loans
- Tax debt
If your small business is underwater, our lawyers can protect your rights and your assets while helping you choose a plan that fits you.
Call Our Attorneys For A Telephone Consultation
Small-business owners can turn to our lawyers and staff for sound bankruptcy counseling and loan restructuring. To schedule a free initial telephone consultation, call one of our Kentucky offices: Shelbyville at 502-220-4439 or Frankfort at 502-257-5417. You can also contact us online.