This can involve a combination of debt settlements and negotiations with creditors in an effort to set up a repayment plan that will meet the financial abilities of a business while satisfying the demands of creditors.While this commercial debt relief option can be effective at reducing the overall amount of debt that businesses owe, it can also help preserve relationships between a business and its creditors (particularly when those creditors are vendors, suppliers or others whom the business depends on to continue running day-to-day operations).
In some cases, filing for business bankruptcy may be the best option for a commercial enterprise. With this debt relief option, businesses may file for Chapter 11, Chapter 7 or Chapter 13 bankruptcy, depending on the amount of debt owed, as well as the goals for the business (namely whether the business will continue to operate or will be dissolved as part of the bankruptcy proceeding).Business bankruptcies can be complex, especially for larger and/or franchised operations; however, with the proper pre-bankruptcy planning and the help of an experienced business bankruptcy attorney, these entities – as well as the people who own them – can get through their financial issues as favorably and efficiently as possible.
Experience You Can Trust: The Denver Bankruptcy Lawyer at Lindquist-Kleissler & Company, LLC
If your business is buried in debt or is facing any type of serious financial crisis, Denver Bankruptcy Lawyer Arthur Lindquist-Kleissler is ready to help you figure out the best options for resolving your business’ financial challenges.
For more than 34 years, Mr. Lindquist-Kleissler and the other legal professionals at Lindquist-Kleissler & Company, LLC have been providing businesses with the highest quality of legal services when it comes to debt relief and bankruptcy (including civil litigation matters associated with bankruptcy). Regardless of the complexity of a case or the size of a business, Mr. Lindquist-Kleissler can always be trusted to:
➡ Bring a fresh perspective to each case and explore non-traditional options for commercial debt relief
➡ Provide his clients with personalized attention and tailor his services to their specific needs and unique situations
➡ Maximize utilization of Colorado Bankruptcy Law to effectively guide his clients through bankruptcy (when business bankruptcy is the best debt relief option)
➡ Help them achieve the best possible resolutions to their cases.