Is Your Business Being Crushed by Debt?
Are you a small business owner or self-employed person facing financial trouble, whether because your business is not doing well or your personal debts are too high? Are you facing lawsuits, liens and other serious enforcement actions from creditors?
If so, you may have options under the bankruptcy system. I am attorney Thomas F. McGrath, Jr., and I have helped many small businesses in Washington use the bankruptcy process to help them with their financial problems. Contact me to discuss your business debt circumstances with an experienced bankruptcy lawyer.
Focusing on Small Businesses and Self-Employed People
Although the bankruptcy process for large and medium-sized businesses can be very complex and involved, many small businesses and self-employed people are eligible to file for bankruptcy under the Chapter 7 or Chapter 13 procedures that are also used by regular individuals.
I have extensive experience helping small business owners restructure and liquidate businesses under the protection of the bankruptcy courts.
I focus my representation on unincorporated businesses operated under the financial auspices of the owners. My clients include restaurants, convenience stores, janitorial companies, truckers, skilled tradespeople and many other small business owners throughout the Seattle area.
Assessing Your Ability to Keep Your Business Going
The initial issue I go over with small business owners is whether bankruptcy will help them keep their businesses, if they wish to do so. In a Chapter 13 reorganization plan, business debts can often be restructured to keep the business operating.
On the other hand, it may be beneficial to shut down the business in the most orderly way possible. If your business is harming your personal finances, bankruptcy may be the way to close down the business and protect your family from its debts.
I will take the time to go over all of your options with you and provide you with skilled counsel concerning each option. Contact me to discuss what can be done to help your small business through the bankruptcy process or to determine if bankruptcy is right for you and your business.
We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.
