At The Towne Law Firm, P.C., our team of corporate bankruptcy and business restructuring attorneys can provide the necessary skills to represent a broad spectrum of clients in their Chapter 7 and Chapter 11 Bankruptcies while still tailoring our services to the unique aspects of each business situation.
As a general practice law firm, we have experience in real estate, collections, business, health care, insurance, environmental, intellectual property, tax and employment and labor law, which allows us to represent our clients in all aspects of pending bankruptcy cases.
The laws covering debtor protections, creditors’ rights and related issues are complex and might be hard to reconcile with your goals for your business. However, our attorneys can assist business owners in evaluating whether their business should utilize Chapter 11 or Chapter 7 bankruptcy.
Chapter 7 is a “straight bankruptcy” during which a business liquidates its assets. For a business that determines that chapter 7 liquidation is its best option, we can prepare its chapter 7 bankruptcy petition and all required schedules and disclosures.
If you’re worried about keeping your business going while debts are mounting and you are facing the potential of going out of business, you may be able to file for Chapter 11 bankruptcy. Chapter 11 bankruptcy allows business owners to stop collection actions, improve cash flow, protect employees, reject burdensome leases and pay debt, all while retaining control of the company.
For a business that choose an alternative strategy, we can assist in plan development and negotiation or bankruptcy motion and litigation practice. Our attorneys assist debtors with sales of substantially all of their assets in bankruptcy in order to preserve enterprise value and maximize recoveries for creditors and other parties-in-interest. Our attorneys will also represent businesses in out-of-court workouts.
A business facing bankruptcy might feel as though they are forced into crisis management without the support they need but by combining our attorneys legal experience, our quick turnaround and business advisory skills for niche business industries, our attorneys can assists all our clients with their debt management and bankruptcy needs.