St. Petersburg Commercial Bankruptcy Lawyer
LeavenLaw: Serving Florida Since 1972
Making the decision to file for
bankruptcy is difficult. However, in today's economy, more and more businesses
are facing the reality of overwhelming debt brought on by the real estate
downfall or lost business. Consumers are tightening their belts and spending
less money, and this can lead to a great deal of trouble for any type
of company, large or small.
For over two decades, the lawyers at LeavenLaw have helped thousands of
clients in bankruptcy proceedings in the
Tampa Bay area. We are fully committed to representing our clients' interests.
Commercial bankruptcy proceedings are most often highly complex and can
be difficult to deal with. By giving you the representation and personalized
attention your case needs, we will fight to protect your company's
assets and help you reach an outcome that is the most beneficial to your future.
Our firm represents businesses throughout Tampa,
Clearwater and St. Petersburg, Florida. We offer a free initial consultation to help
you get started so
Types of Bankruptcy Available to Businesses
A business can file for bankruptcy under Chapter 7, Chapter 11, or Chapter
13 of the U.S. Bankruptcy Code. Determining which type of bankruptcy would
work best for you will depend upon factors such as the size of your business,
how much debt you owe, and your company's assets.
Take a look at the options below:
Chapter 7: This type of bankruptcy, also commonly referred to as a "straight
bankruptcy," allows for the liquidation of the business's assets
to pay off debts. This is a good choice for businesses unable to pay their debts.
- Chapter 11: This type of bankrutpcy allows for the reorganization of a
business's debts. This might not be an ideal option for smaller businesses,
but can be used effectively at times.
Chapter 13: This type of bankruptcy allows your business to function while you pay
back a portion of the debt that you owe over a set period of time. This
is typically a preffered choice for small businesses.
Explore Your Options with a St. Petersburg Commercial Bankruptcy Attorney!
While individuals are not required to work with a legal professional to
file for bankruptcy, a business must hire a bankruptcy attorney for representation
through the process. It is important to talk to an experienced commercial
bankruptcy lawyer if you are considering the possibility of bankruptcy.
You will need to evaluate your situation and meet with your lawyer, financial
advisors and board of trustees to determine whether you wish to try for
reorganization or go through with a liquidation of assets. Filing for
bankruptcy has many advantages as well as disadvantages that should be
Contact us to begin a free case evaluation!