Anaheim Business Bankruptcy Attorney

Bankruptcy is something no business owner ever plans for, but sadly in our current economic climate bankruptcy is a real option for many struggling businesses today.

Appointing a bankruptcy attorney is the best road to achieving a fair bankruptcy deal for any business. If you are a business owner facing bankruptcy or considering filing for bankruptcy, the Anaheim bankruptcy attorney can help.

Businesses and business owners have a few different options when filing for bankruptcy. If you are a business owner, you may be able to choose a Chapter 7 bankruptcy, which is the simple, generic liquidation of assets.

A Chapter 7 filing may mean that you must stop operating as a business unless your Chapter 7 Trustee says that you can continue on. Depending on how much debt your business has, your Chapter 7 Trustee will evaluate your business’s finances and sell off a certain portion of assets (or all of your assets) to pay back your creditor.

It is also possible for businesses to file for Chapter 11 bankruptcy, which is a sort of business reorganization with oversight. In this form of bankruptcy, the business remains in control of its affairs, however it must pay back its debtors—most often through the sale of assets or stock—under the oversight of a court.

No matter what type of bankruptcy you may file for, you need an experienced attorney that you can trust to help navigate you through the complicated finance laws that govern our country. The Anaheim bankruptcy attorney has been working in all matters of bankruptcy law in the Anaheim area for many years. Contact our firm today to discuss your case.