Helping Small Business Owners Discharge Debts In Bankruptcy
The assets of a small business and the individual who owns it are often intertwined. This can create problems if you take on too much debt. A concern of many small business owners like you is making enough money to succeed as a business and what will happen to you if you cannot.
We here at Blanton Law, P.A., know how personal and commercial bankruptcy laws work and where they intersect. Our firm has filed hundreds of bankruptcies in the past few years alone in the area surrounding Venice and Bradenton, Florida; we have the experience to help you.
Protecting Your Rights As A Business Owner
Many small-business owners, especially owners of family-owned businesses, get into financial trouble when they personally guarantee their business debts. If your business is financially struggling, it may not simply be as easy as closing down the business. You may need to file a Chapter 7 or Chapter 13 personal bankruptcy while also filing a Chapter 7 for the business. In some cases, it may be possible to file for Chapter 11 bankruptcy protection to allow your business to continue operating.
An advantage of hiring an attorney is that the attorney can help you decide which chapter to seek bankruptcy protection under. For instance, if you need to file a personal bankruptcy, but you own a business that is doing fine, a Chapter 13 bankruptcy petition may allow you to keep your business.
Contact Blanton Law, P.A., if you are worried about the possible effects of a personal bankruptcy on your ability to run your small business. We will put our deep knowledge of bankruptcy to use on your behalf. Call 941-584-4263 or 888-610-0968 to schedule a free consultation.
We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.