Small Business Bankruptcy

Are you considering small business bankruptcy ? Before you decide, call an experienced and knowledgeable attorney in our office today. Let us show you powerful strategies and meaningful options to restore financial health.

Hiring our small business bankruptcy attorney allows you to focus on growing your company rather than debt service. In some cases filing for protection can give an entrepreneur a fresh start and stop creditor harassment.

In other instances, filing can and should be avoided. Let our firm help you decide what is the most beneficial choice for you, and confidently guide you every step of the way.

More and more, small business bankruptcy is impacting personal credit scores. Commercial failures are tied to owner failures because more owners secure commercial loans with personal assets. You owe it to yourself to talk to us about protection strategies. The initial consultation with us costs you nothing.

Call a small business bankruptcy lawyer today. The Law Offices of Drake Ozment has the wide resources and know-how to:

• Negotiate directly with lenders
• Aggressively work toward payoff discounts
• Modify commercial loans
• Investigate equity loans
• File for protection under Chapter 7 or 13
• Gain access to sources of private capital

If you are considering small business bankruptcy, here are the key options:

• Chapter 7 involves liquidating assets to pay creditors and usually closing the company
• Chapter 13 involves reorganization, but is best suited for small companies with less than $100,000 in unsecured debt

The American Bankruptcy Institute states that courts approve only about half of applications it receives for reorganization. That is why knowing your other options is so critical.

Small businesses – those with less than 500 workers – remain the backbone of the American dream. They are a key source of employment, innovation and tax revenue. Yet the U.S. Small Business Administration estimates that as many as 80 percent of corporations fail in the first year, 95 percent fail within four years, and more than 12 percent of them file for bankruptcy annually. That number is expected to rise as the economy sputters. Many of these filings could have been avoided with professional legal advice. Our lawyers can help you understand the changing codes as well as your options.

A small business bankruptcy attorney knows failure to pay a personally guaranteed business debt is usually reflected on its owner's personal credit report. However, lenders are beginning to connect work and personal debt to a greater degree than ever before, and this can have a far reaching impact on your life.

Established companies and start-ups fail for a number of reasons but the most common are changing market conditions, budgeting and planning missteps, and a wide variety of management issues. Whether you choose to walk away or fight to keep the doors open are highly personal decisions.

Our law firm has helped guide hundreds of companies in the Palm Beaches and the Treasure Coast through difficult times. We always offer the best solutions for your situation. All it takes is a free, no-obligation phone call. 

Call for a small business bankruptcy lawyer

at 888-328-5090

Schedule a free consultation

Our firm handles cases related to small business bankruptcy in Delray Beach, Boynton Beach, Riviera Beach, Lake Worth, West Palm Beach, Jupiter, Port St. Lucie and Vero Beach. The information on this web site is for general information purposes only. No law firm can guarantee the outcome of your case.  However, we can provide you with a free evaluation of the details of your case, and help you tailor a strategy to pursue the best possible outcome.