Debt Strategy - Business
Make your business thrive again with a solid debt strategy.
Facing business debt is difficult, but our debt lawyers in Lafayette, Indiana will help you understand your options, prepare for a fresh start, and rebuild your company.
Choosing between an attorney or financial planner can be challenging when your business is facing debt. Unlike financial planners, an attorney can negotiate with those you owe to help resolve the problem with minimal changes.
If your business’s legal matters require court representation, our attorneys can represent you. We’ll be by your side to file petitions, offer advice, and ensure everything is running smoothly.
When bankruptcy is the right option for your business, we can help you with the complex steps to successfully declaring bankruptcy and discharging debt.
What to expect from our business debt strategy services.
First, we’ll arrange a phone consultation to discuss your business debt situation. Once we’ve determined how we can assist you, we’ll meet with you and strategize to help you resolve debt and rebuild your business.
Have questions about debt strategy?
You’re not alone.
A business bankruptcy is a legal tool that is not one-size-fits-all. While Chapter 11 can be a viable tool for restructuring a business, there are several alternatives that you can use to help get your business in better financial health.
Having a legal advisor to assess and strategize your business’s needs is vital in the debt management process.
Your personal liability for business debt depends on the type of business entity and what its governing documents state.
Another factor that can create personal liability is if you signed as a personal guarantor for any debts or loans associated with the business.