There are some differences between filing forbankruptcy by business and individual. If you are in business financial
quandaries no matter how many precautions you made, still you might fall short on
resolving it. When your last option is to file for business bankruptcy, working
with a bankruptcy lawyer ensures that you rightfully go through the process and
follow every federal rules. The expertise of the lawyer becomes a major
advantage for your business because he or she can distinguish the disparities
between individual and business bankruptcy.
You should determine what your best option is before
you should file to ensure success. Your options are Chapter 7, Chapter 11 and
Chapter 13. Chapter 7 is the one that most business owners try to avoid because
this may end the business. In Chapter 11, restructuring the organization is
allowed to continue the company’s operation which highly involves both the
creditors and the debtors.
Furthermore, Chapter 13 is normally limited to sole
proprietors who have the individual intention to protect their assets and make
certain that are protected from business bankruptcy. Whatever chapter you want
to pursue, consult an expert bankruptcy lawyer before filing for bankruptcy.
Winston I. Cuenant, Esq.,
is an eminent Foreclosure defense
lawyer Fort Lauderdale who can help in handling filing for bankruptcy. Mr. Cuenant areas of expertise include Fort Lauderdale Real Estate Litigation attorney,
French speaking lawyer, Ft. Lauderdale bankruptcy lawyer, General Civil
litigation attorney Fort Lauderdale, Bankruptcy Law Fort Lauderdale and Fort Lauderdale bankruptcy
attorney.
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