Is your business facing unmanageable debt and considering business bankruptcy?
When a business falls behind on its bills, the situation can become far more complicated very quickly, often involving more than just debt owed to banks and employees: businesses in this situation frequently also owe money to the IRS. If you own a small business and face unmanageable debt, you need a skilled bankruptcy lawyer to help your business get back on its feet. During a financial crisis, you don’t want someone selling a cookie-cutter solution; you want an experienced bankruptcy attorney who is focused on creating the best custom strategy to ensure a positive outcome for you, your family, and your business. Schedule a free consultation today.
Business Bankruptcy law is a powerful tool that works in your favor – if you know how to use it.
Zelazny Business Bankruptcy and IRS Solutions has been helping Chicago businesses deal with their financial issues for over 20 years. Zelazny Business Bankruptcy and IRS Solutions is accustomed to working with companies that struggle with debt reduction, debt consolidation, financial restructuring, and bankruptcy. We’ll look at your business’s unique financial situation including taxes due, payroll liabilities, assets, and business liabilities in order to determine how to best handle your business’s financial situation.
At Zelazny Business Bankruptcy and IRS Solutions, the care of our clients is our number one concern. We aim to provide you and your business with the respect, consideration, and professionalism that you want and deserve. With our no-cost, no-obligation consultation, we will provide you with several options to find the best solution for you, whether that be business bankruptcy or an alternative to bankruptcy, we’ll help you get your financial life back on track.
Listed below are several options your business may want to consider:
- Chapter 11 Business Reorganization: provides protection from creditor collection activity while the business implements a debt repayment plan approved by the business’ creditors and the Court. The business may continue to operate and earn revenue during Chapter 11 proceedings.
- Chapter 7 Corporate Bankruptcy Debt: provides business owners with the opportunity to shut down a struggling business in a cost-effective and efficient manner, with paying little to no corporate debt back to creditors, and delivering closure to business owners.
- Debt Settlement: provides businesses with the opportunity to settle debts with creditors rather than going through the bankruptcy court. If the business owner wishes to remain in business, this option allows businesses to negotiate a manageable debt repayment plan with their creditors that place the business on the road to financial solvency.
Zelazny Business Bankruptcy in Chicago is here to help you explore all your options and to provide you with the best, customized, legal and financial advice. Contact our bankruptcy attorney today to get started.
Chapter 7 Debt Liquidation: Entrepreneurs that have a sole proprietorship may be able to file a personal Chapter 7 bankruptcy to liquidate their debts and continue business operations. However, when a partnership, LLC or corporation files for Chapter 7, the business must cease operations and the assets are liquidated to cover as much debt as possible. This might be the right option if you intend to close the business. However, if you want to keep the business running, a better option may be Chapter 11. No matter which situation you are coming from, Zelazny Business Bankruptcy will help you explore all of your options. Schedule a free consultation with a Chicago bankruptcy attorney.
