Many people get to a point where they can no longer pay their bills, and if you feel too overwhelmed and are unable to meet your basic debts each month, it may be time to consult with a bankruptcy lawyer. What a lot of people don’t know is that businesses can also file for bankruptcy because, much like individuals, things happen that make it difficult to pay the bills. This is when consulting with a corporate bankruptcy attorney is highly recommended. A corporate bankruptcy attorney won’t charge you for your first visit, and at that meeting you can discuss all the options that are available to you.
Doing What’s Best for You
Even if you are unsure whether you actually need to file for bankruptcy, a professional corporate bankruptcy attorney in Brick, NJ will help you decide. If you run a business, you naturally think of bankruptcy only as a last resort, but if it does get to that point, you want to make sure you do it right. Going over all your options is the first step, and a good corporate bankruptcy attorney will do that and more, so that the decision you make is the right one for you.
Types of Bankruptcy Vary
As with individual bankruptcy, corporate bankruptcy has different types, namely Chapter 7 and Chapter 11. When you choose one of these options, you will either eliminate your debts entirely or arrange to pay back your debts in a manner that is convenient to you. A Brick corporate bankruptcy attorney who specializes in this area of the law will review your financials and determine which option would be best, then begin the bankruptcy proceedings so that you can get rid of contacts with creditors and harassing phone calls. It is the first step towards financial freedom, and the lawyers that help you take it seriously.