Chapter 11: Mitigating Loss In Your Small Business
When you start up your own business, whether it’s just you or other people are involved, you have a lot more riding on your company’s success than larger companies do. If your business fails, you can lose everything. If your business has defaulted on its loans or is facing failure, there are other options available such as Chapter 11 bankruptcy.
At Lefkovitz & Lefkovitz, we are known for our work helping Tennessee small businesses through bankruptcy. Many business owners come to us after being turned down by other lawyers in the Nashville area. If there is a solution to your financial problem, we will find it. More importantly, we will be completely honest with you about your situation and what it will take to get out of it.
But My Business Is Different
We hear this a lot. Every business is unique and faces its own problems. Our attorneys recognize this, which is why we look at your problem from every possible angle to find the right solution.
You may be a solo entrepreneur or you may be running a startup business with employees and significant overhead. Either way, a bankruptcy will affect your day-to-day operations, cash flow and overall morale. We want to make sure these changes are all for the better.
We will review your current financial situation and look for ways you can stop the hemorrhaging of money from your company and personal accounts. Because we know you have probably invested a lot, if not everything you have, into your business, we look at what the effects of bankruptcy will be on your personal life as well as that of your business.
Our goal is to reorganize your business so that it is servicing its debt while still creating enough of a positive cash flow to continue through the bankruptcy and thrive after it is done. This may mean making changes to both your business and personal life so you can survive the reorganization. We will help you figure out what is best for you, your family and your business.
Let Us Help You Run Your Business Instead Of Letting It Run You
We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.