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Simon, Fitzgerald, Cooke, Reed and Welch
Simon Fitzgerald, LLC
Louisiana’s Oldest Bankruptcy Law Firm
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chapter 7 Archives

Chapter 7 deemed most viable option in rebate company's crisis

A professional horseplayer owns a company that has apparently fallen on hard times financially. Thankfully, after reviewing its options, the company has determined an appropriate means of debt relief. There may be Louisiana business owners currently facing financial challenges and similar problems who will also want to consider Chapter 7 bankruptcy as a possible solution to their financial woes.

Ad agency in another state chooses Chapter 7 debt relief

Louisiana business owners are likely no strangers to financial challenge. It is not uncommon in the business world to have ups and downs in the course of a single month, and definitely over the span of several fiscal years. Sometimes, things get out of hand and immediate debt relief, such as Chapter 7 bankruptcy, is needed to stay afloat.

Is bankruptcy a legal decision or a moral one?

You've always been told that bankruptcy is something to avoid at all costs. You think it's the closest thing you can do to breaking the law without actually becoming a criminal. You think it's wrong, you feel shame for even considering it, and you know you'd never do it.

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