Are You Considering Chapter 7 Bankruptcy for Your Business?
It can be hard to know which form of business bankruptcy is best for you. What if your business has significant assets in addition to its significant debts? What if creditors threaten lawsuits against you personally? What if you don't have the time or financial resources for Chapter 11 reorganization?
My job is to answer the tough questions inevitably accompanying a liquidation of business assets under Chapter 7 bankruptcy. Whether you are sole proprietor of a Virginia business or in an LLC or corporation is immaterial: Relief can happen for you. With my 29 years of experience as a lawyer - with the most recent 17 years focused very specifically on business bankruptcy - I can help you.
At my Douglas A. Scott, PLC law firm in Richmond, I guide business owners through the Chapter 7 business asset liquidation process. Call 804-257-9860 or contact me to schedule an appointment.
The first step in a Chapter 7 bankruptcy is to make sure the process is the right one for you. Some businesses can survive with Chapter 11 reorganization. Perhaps the biggest downside to a Chapter 11 is that it is a drain on time and resources. For many, Chapter 11 is simply impractical.
I will analyze your financial statements to help you determine the best course for your business, then guide you through the bankruptcy procedure chosen to be most beneficial. If it's a Chapter 7 bankruptcy, you will be involved in a very transparent, public proceeding to help pay down business debt and shield you from future litigation. Perhaps most important, it gives you a fresh start.
Call me at my Douglas A. Scott, PLC law firm at 804-257-9860 or contact me to schedule an appointment. I have flexible appointment hours.
Douglas A. Scott, PLC
1805 Monument Avenue, Suite 311
Richmond, VA 23220
Telephone: 804-257-9860 | Fax: 804-257-9863
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