Wipe Out Business Debt With Chapter 7 Bankruptcy
For many businesses struggling with debt and experiencing constant harassment from creditors, Chapter 7 bankruptcy is the best means of obtaining relief. If your business simply cannot meet its financial obligations and you are seeking an effective resolution, the attorneys at Thames Markey in Jacksonville are here to help you explore your options. We are proven bankruptcy advocates and trusted legal allies for businesses throughout Northeast Florida.
Proven Debt Relief Power
In Chapter 7 bankruptcy, the debtor’s assets are sold and the proceeds are used to pay off creditors. Chapter 7 bankruptcy achieves two important objectives for businesses seeking their protections:
- Creditors are legally barred from taking collection actions against the business, including seizing property, levying bank accounts and foreclosing on real estate.
- A court appointed fiduciary shoulders the burden of liquidating the company and disbursing the proceeds from that liquidation.
Chapter 7 bankruptcy is generally the preferred bankruptcy option for business owners who wish to resolve debt problems by walking away from the business. If your business is struggling with debt but you wish to reorganize rather than shut down, Chapter 11 bankruptcy might be the preferred option.
Discuss Your Options With An Experienced Business Bankruptcy Lawyer
There are many debt relief options for businesses struggling with debt. Our experienced attorneys will help you explore all of them, including debt discharge through Chapter 7 bankruptcy. To schedule a consultation with a knowledgeable Chapter 7 bankruptcy attorney in Jacksonville, contact our law firm online or by telephone at 904-358-4000.
We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.