Solutions for a Distressed Business
Has the amount of your debt increased as revenues decreased and credit dried up in this difficult economy? If your small business is "under water," our knowledgeable attorneys will sit down with you to run the numbers and explore bankruptcy solutions to salvage your business or cut your losses.
Simon, Fitzgerald, Cooke, Reed and Welch is Louisiana's oldest bankruptcy law firm in Louisiana, and that is the sole focus of our practice. We have represented sole proprietors, businesses, and owners of businesses statewide in resolving debt problems through Chapter 7, 11 and 13.
Board-Certified Business Bankruptcy Attorneys
Two of our experienced lawyers are certified by the Louisiana Board of Legal Specialization as Business Bankruptcy Specialists. All of our attorneys have experience in business cases. Contact us today to arrange a free initial consultation at one of our six convenient offices statewide:
Shreveport • Bossier City • Monroe • Lake Charles • Baton Rouge • Lafayette
Exploring Options for Businesses in Debt
Our attorneys will help you in reviewing your current financial picture and the prospects for returning to profitability. We can assist you in making an informed decision on the best course for the business and for the individual(s) owners of the business.
- Chapter 11 Reorganization — Chapter 11 bankruptcy offers a reprieve from most creditors while the debtor business forms a plan to repay all or a portion of the debts over time. Sometimes, small business owners try to prop up a losing venture. Chapter 11 can be complex and costly. We can help determine if getting "back in the black" is realistic. If you operate as a sole proprietorship or "dba", a Chapter 13 for your business may be the best method to reorganize your business.
- Business Chapter 7 Bankruptcy — If your business is not viable, Chapter 7 liquidation may be the prudent move. You may be able to close the current business and start over.
- Chapter 13 Repayment Plan — A sole proprietorship (DBA) may qualify for Chapter 13 protection from creditors, enabling the owner to restructure, reduce and/or eliminate unsecured debt while restructuring secured debt. The complexity and costs associated with a business Chapter 13 are much less than a business Chapter 11.
The Simon, Fitzgerald firm understands business and we know business bankruptcy law. Call toll free at 888-341-8091 for a free initial consultation.
*We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.
