Ft. Lauderdale Corporate Bankruptcy Attorney

Filing for Corporate Bankruptcy in Ft. Lauderdale

Corporate bankruptcy is a legal process that a business can take advantage of when the business is no longer in a position to successfully repay its debts. There are a couple of different options for businesses that are considering bankruptcy, such as chapter 7 and chapter 11 bankruptcy. There are some very significant differences between the two, however, and it is crucial for any business in financial trouble to consult the expertise of a professional Ft. Lauderdale bankruptcy lawyer who can provide valuable insight and guidance into the process.

Chapter 7 is one option that a business may pursue for bankruptcy, and requires liquidation of all non-excluded assets. The financial value of these assets, combined with any other available funds, are applied to repay as much of the debt as possible before it is forgiven by the court. Chapter 11 is another form of bankruptcy that is exclusive to businesses, and is similar to chapter 13 in that it restructures the business in a way that it can make a profit. Chapter 13 bankruptcy can take some time to conclude due to the complexity of the restructuring, and is really only available to companies who have the financial means to support a long-term restructuring plan.

Corporate Bankruptcy Assistance in Ft. Lauderdale

The Law Offices of Brown, Van Horn P.A. are available to assist any business in the Ft. Lauderdale area that are in bankruptcy proceedings, or are considering filing bankruptcy. Our firm will work closely with you to determine the best path for your business to take, and can provide personal legal counsel and support and representation in chapter 7 and chapter 11 filings. There are plenty of options available to businesses that find themselves in financial crisis, and we will fight to see that every opportunity for a fast and beneficial resolution is achieved.

Contact a Ft. Lauderdale bankruptcy lawyer if your business can no longer pay its debts, and you would like to discuss the possibility of filing bankruptcy.