If your business is facing financial hardship, consider reaching out to your creditors. You can call them directly or hire an attorney to reach out on your behalf. Virtually every business that shut down during COVID-19 quarantine was harmed financially, although some were hit much harder than others.
Although your creditors may be willing to renegotiate your business debt, they are rarely the first to act. Working things out directly may help you avoid bankruptcy altogether.
If your creditors don’t budge, talk to us about Subchapter V bankruptcy. It’s a powerful new tool you can use to combat the recent economic downturn.
We are happy to offer a free consultation to discuss how subchapter V of Chapter 11 bankruptcy works and how it can be tailored to fit your needs. We will also discuss ways to overcome your personal obligations to creditors.