Guide to Bankruptcy Relief for Small
The prospect of bankruptcy can be a very daunting one for small businesses, but it is possible to find relief through the right filing process. The key is understanding which type of bankruptcy works best for your business and its particular needs. In this guide we’ll discuss the different forms of bankruptcy available and how they could provide some much-needed debt relief for small businesses.
Chapter 7 and Chapter 13 are the two primary types of personal bankruptcies that a small business may file. With Chapter 7, known as “liquidation” or “straight bankruptcy”, most if not all assets are sold off in order to pay creditors. Chapter 13 on the other hand allows you to keep more of your assets while paying off the debts over time through a repayment plan that lasts three to five years.
The Law Offices of Omar Zambrano has helped thousands of people and businesses in the past to get out of debt and start over.
Our goal is to help you find a fresh start FAST!
Schedule your free consultation today! By Calling on the number 626-338-5505 or visiting us at 12738 Ramona Blvd Baldwin Park CA 91706