Business Bankruptcy Lawyer Dallas, TX
Struggling with financial issues is a common ordeal that many people go through, especially business owners, as a business bankruptcy lawyer in Dallas, TX knows. There are many causes for financial issues that impact business, such as a sudden shift in the economy or poor financial management. Whatever the reason, bankruptcy may be the right decision to make to do what’s best for the company. However, before you commit to a decision you should speak with a bankruptcy lawyer like one at Leinart Law Firm who can evaluate your situation. Bankruptcy is a big decision so you want to make sure you are as informed as possible.
Services a Bankruptcy Lawyer Can ProvideÂ
When you entrust your case to a business bankruptcy lawyer you can expect to receive several various legal services. They can assess your situation, evaluate your financial background, and explain to you your legal options so you can consider. When the success of your business is at stake, it is crucial that you have the guidance you need to navigate the situation. Bankruptcy also involves a lot of legal documents and complicated paperwork so they can help you fill them out to make sure that they are as accurate as possible. You may have many questions about business bankruptcy, so a lawyer can answer them all in detail.
Types of Business Bankruptcy
As a skilled business bankruptcy lawyer like one from Leinart Law Firm can elaborate further on, business bankruptcy can be categorized in three types: Chapter 7, Chapter 11, and Chapter 13. If you are a business owner, you need to see which ones you are eligible for. Factors that determine what type of bankruptcy that you can file as a business owner include what type of business you have (such as LLC vs corporation), what debt you owe, and whether you want to continue operating your business. Deciding which one you are qualified for can be overwhelming and confusing, so ask a lawyer about the differences between each one and how you can qualify.Â
Why Hire a Bankruptcy Lawyer
It is imperative that you understand your full legal options when your business is in financial jeopardy. A skilled lawyer can illuminate your options so that you can make a decision that aligns with your business’ best interests. They can help explain the complex laws, your rights, and come up with the legal strategies to best resolve your unique crisis.Â
Bankruptcy Services Are AvailableÂ
When you are running a business and are facing major financial troubles, you need to take necessary actions to save your business. If you are considering filing bankruptcy for your business or feel like that is the path your business could be headed down, meet with an experienced lawyer like one at Leinart Law Firm who has worked with clients who have been in the same situation. They will evaluate your case and help you to understand the best legal options you can take. Before you decide to file, talk to a lawyer so that you can understand your situation clearly and have the most up-to-date information. Bankruptcy is a complex process, so a lawyer is best equipped to handle it. Schedule a consultation with a reputable and experienced business bankruptcy lawyer now.Â
Business Bankruptcy Lawyer Dallas, TX
The Leinart Law Firm offers more than a one-size-fits-all approach to business bankruptcy. We know that bankruptcy is often the last option for business owners in the Metroplex, so we carefully assess your current situation and determine all your options, present them to you, and advise you of the consequences of choosing each one. Our goal is to find a solution that fits your type of business, your goals, and your current financial picture.
When you’re overwhelmed with business debts and creditors pounding down your doors, turn to a Dallas, TX, business bankruptcy lawyer from our firm. We explain the advantages and disadvantages of each type of business bankruptcy and how it can serve your goals. Call us today—don’t let your business fail without professional legal advice.
How Can A Business Bankruptcy Attorney Help My Business?
Texas business bankruptcy involves several complex legal issues. Our experienced attorneys help you find the solution to meet your needs, whether it’s Chapter 11, Chapter 7, or Chapter 11, Subchapter 5 Bankruptcy. A business bankruptcy involves several interested parties, so your decision should take into account any investors, partners, or creditors. You also have to consider a real estate lender or landlord in your bankruptcy process.
Although some forms of business bankruptcy may result in closing your business, many business owners appreciate the chance to start with a clean slate. However, if you want to stay in business, you may consider a form of bankruptcy that allows you to reorganize your debts so they’re more manageable to pay back. We can help you retain your assets and continue operating until you’ve discharged the debt.
Getting You On The Right Path To Grow
Personal liability in a business bankruptcy in Texas is rare, but it’s not completely out of the realm of consideration. If you personally guarantee business debts or combine your personal finances with business ones, then you may be in trouble. Consulting a Dallas bankruptcy attorney is crucial to protecting your personal assets and understanding your options and obligations.
Our attorneys are well-versed in Texas and U.S. Bankruptcy Codes and have handled thousands of business bankruptcies, large and small. We know the ins and outs of Denton, Collin, and Dallas County bankruptcy courts and can guide you through the legal process, standing by your side and advocating for your business.
If necessary, we can also help you wind down your business and settle your debts, helping you map out your financial future and giving you direction to grow.
Do You Need Help Filing For Business Bankruptcy?
Is your small business facing a financial crunch, and you’re not sure about your options? If you’re considering filing for business bankruptcy, don’t make a move without talking to a lawyer first. An experienced business bankruptcy lawyer from Leinart Law Firm can give you advice about the available options and possible outcomes for each. Contact us today for a personalized consultation.
