Business Bankruptcy Lawyer in Westchester County
Dedicated & Passionate Legal Professionals in Your Corner Serving the Southern & Eastern Districts of New York
The talented and compassionate bankruptcy lawyers at Bronson Law Offices, P.C. take great pride in assisting business owners throughout Westchester County with the bankruptcy and reorganization process. Our seasoned legal professionals know that business owners tend to have questions that can only be answered by an experienced attorney who is familiar with this complicated area of the law. That is why we offer a wide range of comprehensive bankruptcy services to help clients of all backgrounds determine the different financial and tax implications and whether they are personally liable for certain business debts.
Bankruptcy Options for Bussiness Owners
When a business falls too far into debt, then owners can file for Chapter 7 bankruptcy, Chapter 13 bankruptcy, or Chapter 11 bankruptcy. If you are wondering which type of bankruptcy to file, then you should consult with a lawyer at our firm to determine if you should file a personal or business bankruptcy.
Business owners are usually personally liable for business debts if the business is a general partnership or sole proprietorship. If the business is organized as a corporation or limited liability company (LLC), then the business might be the only party responsible for paying business debts.
Reach out to our legal team today to discuss your situation and the following bankruptcy options:
- Chapter 7 Bankruptcy: This option is ideal if the owners no longer want to deal with the debt and don’t want to continue running the business. Chapter 7 bankruptcy liquidates business assets to pay off creditors. A trustee will be appointed to handle the liquidation process and relieve the owner of the responsibility of dealing with creditors.
- Chapter 11 Bankruptcy: This bankruptcy option is specifically for business owners. With Chapter 11, the debtor is legally protected from personal and professional creditors and is issued an injunction that prevents foreclosure, seizure, or forfeiture proceedings. Chapter 11 also protects the debtor's current assets and future earnings.
- Chapter 13 Bankruptcy: This bankruptcy option gives struggling business owners the opportunity to get their company back on track without having to worry about eviction, IRS collections, and other creditor actions The business owner also gets to keep running the business under a Chapter 13 bankruptcy.
Schedule a Consultation with our Business Bankruptcy Lawyer Today
At Bronson Law Offices, P.C., we understand that not every debt situation is best served by filing for bankruptcy. We will gladly take the time to help you understand all of your options for debt relief so you can make informed decisions. When you choose our law firm, we make it our top priority to use our extensive resources and knowledge of the law to make sure your best interests are protected.
Our firm proudly serves clients in the greater parts of Rockland, Harrison, the Bronx, and NYC. Call (914) 827-5238 or contact us online to request a case consultation with our business bankruptcy lawyer.
Amazing Legal Team
Attorney Bronson and his team are compassionate, professional and communicate in a way that makes any complicated legal process easy to understand.
Service Available in Spanish
Working with clients in the language that makes them feel the most comfortable.
Smoothly consulting and navigating clients through Bankruptcy, Debt Relief, Creditor Harassment, Foreclosure, or Tax issues.
Specializing in Businesses
Highly experienced in navigating the complicated process of Business Bankruptcy, Corporate Restructuring & Asset Protection.