When small-business owners are faced with overwhelming debt, they often believe that Chapter 11 bankruptcy is the only option besides closing. That is not the case. Attorney Liza A. Greene at the law offices of Laura Dale & Associates, has helped many small businesses overcome debt through Chapter 13 bankruptcy. She has more than 30 years of experience helping small businesses thrive.
Why Chapter 13 Bankruptcy For Small Businesses?
Chapter 11 bankruptcy is extremely expensive. While larger businesses may be able to afford it, this type of bankruptcy tends to be unrealistic for small businesses. In reality though, Chapter 13 bankruptcy filings can provide the same debt relief at a substantially smaller cost. The only reason a small business would want to file Chapter 11 is if the business’ debts were over the limit allowed in Chapter 13. That is not often the case when it comes to sole proprietorships and small family-owned businesses.
Helping Small Businesses Thrive
When the owner of a small business is unable to work because of medical issues or other setbacks, it does not take much for debt to accumulate to overwhelming proportions. Sometimes, getting past the setback is easier than paying back the debt. That does not mean the doors to the business should close.
Liza A. Greene can create a Chapter 13 bankruptcy plan for your small business that is not only designed to provide debt relief, but to help the business thrive in the future. She is one of the select few lawyers to be board-certified in consumer bankruptcy law by the Texas Board of Legal Specialization, so you can be confident that the future of your business is in good hands.
Schedule A Consultation With An Attorney
Liza A. Greene helps people file for bankruptcy and is a debt relief agency as defined by the Bankruptcy Code.