Could Your Business Benefit From Chapter 11?
Learn More About Your Options As A Business Owner
Individuals who are faced with large amounts of credit card debt and other liabilities can seek relief under Chapter 7 or Chapter 13 protection. However, it’s not just individuals who can find themselves needing a fresh start. Business bankruptcy is not uncommon, and could serve as a lifeline for a struggling enterprise.
Businesses in Central Nebraska that file for bankruptcy might choose to do so under Chapter 7 or Chapter 13; however, this is not possible in all cases. Some circumstances might call for Chapter 11 bankruptcy, which is specific to businesses.
We Help Businesses Dealing With Debt
Michael D. Carper, an attorney in Kearney, has represented individuals and small businesses in bankruptcy cases for nearly three decades. He has a passion for defending the rights of people who need assistance with getting back on their feet.
Under Chapter 11 bankruptcy, a business can readjust its debt obligations and formulate a plan to repay its creditors over time. This might make sense for some small-business clients who are looking for a way back to profitability.
When the farm economy is down, family farmers might also seek advice from a bankruptcy lawyer about their problems. However, farms are more apt to file under Chapter 12 bankruptcy, rather than Chapter 11.
Learn more about the options available to small businesses considering bankruptcy by contacting The Law Offices of Michael D. Carper today. Call 308-236-2090 or toll free at 877-468-3519. You can also contact us online via our online contact form.
We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.