Los Angeles Chapter 11 Bankruptcy Lawyers in Woodland Hills CA
Make the best decision about the future of your business
If you are a Southern California small-business owner who is facing out-of-control debt, our Los Angeles Chapter 11 Bankruptcy Attorneys at the Law Offices of Michael H. Raichelson has the experience and skills to help. We have worked extensively with business clients, and we can explain the bankruptcy options available to you and guide you through the process.
Choose the right approach for your situation
Corporations, limited liability companies, and partnerships are considered separate entities from their shareholders or partners. Therefore, they can file in their own right for a Chapter 7 liquidation-type bankruptcy or a Chapter 11 bankruptcy reorganization. A Chapter 11 bankruptcy reorganization allows business owners to keep their businesses operating while paying off business debts over time. It can free up cash and allow rejection of some leases and contracts. If a sole proprietor owns a business, that business is not a separate entity. Because the business assets are considered part of the owner’s assets, the owner must file bankruptcy. In such cases, the owner has the option of filing under Chapter 7, Chapter 11, or Chapter 13.
Let us help keep your business alive
In a free consultation, we can help you find the best option for you and your business. If bankruptcy is the right choice, the automatic stay that goes into effect—which will stop collection actions from vendors, lessors, and others—can give your business some breathing space.
We will protect as much of your business as possible. Despite an owner’s best efforts, it is sometimes necessary for a business to undergo complete liquidation. However, a careful examination of your situation by an experienced attorney at the Law Offices of Michael H. Raichelson will assure that your decision is an informed decision, made in partnership with skilled, knowledgeable attorneys.
Do not take chances with the future of your business! Call a Chapter 11 Bankruptcy Attorney in Los Angeles today at 1-866-912-2669 for a free consultation, or use our online contact form.
The Law Offices of Michael H. Raichelson is a debt relief agency as defined by the United States Bankruptcy Code.
