Consumer and Business Bankruptcy Differences
Consumer bankruptcy involves Chapter 7 and Chapter 13 of the bankruptcy code, and typically a business bankruptcy will involve Chapter 7 or Chapter 11 of the bankruptcy code. However, many small businesses and sole proprietorships may have Chapter 13 bankruptcy available to them. Depending on how you have your business set up and how you conduct your business transactions, you may be able to discharge your business debt in a consumer bankruptcy.
If you are a small business owner, you may want to factor in your business plans when deciding what type of bankruptcy to file. For example, a Chapter 7 bankruptcy may be a viable option for you if you want to discharge your debt without a repayment plan and gain a fresh start. However, if you plan on continuing your business, you may want to elect a Chapter 13 bankruptcy in order to maintain a relationship with your vendors and suppliers.
Also, depending on your situation and your business entity, you will need to determine whether you need a consumer bankruptcy, a business bankruptcy or both.
The decisions regarding the type of bankruptcy you elect to file will depend on your situation and goals. An experienced bankruptcy lawyer can help you understand the benefits and limitations of your bankruptcy options so you can make an informed decision about how to proceed.
With more than 15 years of experience, the Texas bankruptcy attorneys at Leinart Law Firm, with offices in Fort Worth and Dallas, can help you understand your bankruptcy options, as well as advise you and guide you through the bankruptcy process. We can answer your questions and provide you with accurate information and advice based on experience so you can make informed decisions.
For additional information about the benefits of retaining our services, please visit our About the Firm page.
Consumer and Business Bankruptcy Lawyer
We have extensive experience with consumer bankruptcies for individuals who own small businesses. We can provide meaningful bankruptcy representation to:
- Sole proprietorships
- Limited liability companies
- S corporations
- C corporations
The type of business you own, whether the debt is personal debt or business debt, and other factors will be used to determine whether bankruptcy is right for you and your situation. We can help you understand the law and advise you about the benefits and limitations of your bankruptcy options.
We Provide Compassionate, Courteous Service
When you are going through a difficult legal situation, it is common for personal things to come to the surface. You can rest assured that you will never be judged on any personal matters. We aim to provide information, guidance, and respectful representation as you are going through this legal process. If bankruptcy is the proper legal action you need to take, we can assist you through that process. If it is your best interests to pursue other legal avenues, we are happy to facilitate that as well.
Quick Communication and Customized Legal Strategies
We have an established reputation as caring, passionate, and dedicated attorneys. We know that it can be frustrating when you are looking for answers from your attorney, and you aren’t getting a response within a reasonable time frame. When you choose Leinart Law Firm, you will always get replies in a timely manner. On your first consultation, you will meet with an attorney and talk about your particular financial situation to get a custom legal strategy in the works right away.
Contact a Consumer & Business Bankruptcy Attorney
We offer a complimentary consultation and evaluation at one of our offices in Dallas, Fort Worth or Plano to ensure that bankruptcy is a viable option for your situation and to discuss how the bankruptcy laws can help you and your business get a fresh start. Please schedule your no-obligation, free, confidential consultation and evaluation with an experienced business and consumer bankruptcy lawyer by contacting us toll-free at 800-518-3328.