Lefkovitz & Lefkovitz
Nashville Office 615-686-2279       Cookeville Office 931-400-2218

Nashville Office 615-686-2279
Cookeville Office 931-400-2218

Serving all of Middle Tennessee’s Bankruptcy Needs

Due to precautions related to COVID-19, we have expanded our options for consultations. Please contact our office to discuss whether a full phone consultation, in-person meeting or video conference is appropriate for your situation.

Recent white paper analyzes bankruptcy for business owners

| Jul 5, 2017 | Chapter 7, Personal Bankruptcy |

Owners of small businesses who face financial challenges have tough decisions to make. Do you try to negotiate with creditors to keep the business going? Or does it make sense to file bankruptcy – and if so, what type?

A few months ago, we published a white paper called, “Business Owner Bankruptcy: Opportunities and Threats.” In the paper, we discuss important factors to keep in mind if your cash flow starts to dry up, including:

  • What happens if you personally guaranteed loans to the business
  • When Chapter 7 bankruptcy makes sense when seeking debt relief
  • Which assets you can keep in a Tennessee bankruptcy

Our paper is a resource intended to explain how the bankruptcy process generally works, as it applies to business owners. Reviewing it should give you some sense of what to expect. To find out more, give our firm a call and we will help you analyze your specific situation.

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