For clients facing money problems and creditor pressure, our firm can explain your options, both practical and legal. Often, the most important first step is to start making the best possible decisions going forward. Negotiation with creditors will possibly relieve the pressure. If not, there are legal steps that can be taken to resolve all issues and get a fresh start, usually through a bankruptcy filing. We practice in the bankruptcy court and can guide you through the process to achieve debt relief. It is a final resort after exhausting other avenues but it will end the uncertainty.
For business owners, at the first sign of financial distress, we encourage an early meeting with our attorneys. We can provide an assessment of business strengths and weakness, explain the rights of creditors, anticipate their likely actions and formulate a plan to achieve solvency when possible. In cases where creditor pressure appears unmanageable, we can assist in a bankruptcy filing providing short-term relief from creditor threats while a plan to resolve debt issues is formulated. Chapter 11 or Chapter 13 bankruptcy filings may be options. If so, we guide you through these complex processes. Options will be discussed in our initial meeting and early preparations will be made if a filing appears inevitable. Early planning is critical while options remain available.