A Chapter 7 Can . . . Help You Walk Away from Your Business Yet Preserve Your Business Assets
Protect your business assets immediately with the “automatic stay” and permanently with property exemptions.
A Chapter 7 “Straight Bankruptcy” Can . . . Help You Avoid or Escape Litigation When Closing Down Your Business
Ongoing litigation, or the threat of it, against you and/or your business usually dies with your bankruptcy filing.
A Chapter 7 “Straight Bankruptcy” Can . . . Help You Deal with Secured Debts from Your Closed Business
Chapter 7 puts you in the driver’s seat to either keep or surrender the collateral securing your business debts.
A Chapter 7 “Straight Bankruptcy” Can . . . Help You Deal with Taxes from Your Closed Business
Chapter 7 can legally write off some business-related taxes, and put you in a good position to take care of the rest.