Clinton Business Bankruptcy Attorneys
When you own or operate a business, it requires you to make many financial investments that are meant to secure your business’s success. Over time, however, many business owners find themselves in financial difficulties that necessitate the consideration of filing for bankruptcy. While this may seem like a frightening prospect, bankruptcy can actually help business owners reclaim financial independence from creditors and provide relief for financial struggles.
In many cases, businesses are able to remain in operation while filing for bankruptcy. At Hong Law, PLC, we want to help Clinton business owners better understand their options when they are in debt and need a way to escape it. Fortunately, with the help of bankruptcy, you may be able to get your business back on its feet.
Three Options for Business Bankruptcy
Although business bankruptcy is different than personal bankruptcy, there are several options for business owners with large debts. Depending on your exact situation, one of the following types of bankruptcy may be your best option:
- Chapter 7 Small Business Bankruptcy
- Chapter 11 Large Business Bankruptcy
- Chapter 12 Farm Bankruptcy
While choosing between these types of bankruptcy can seem difficult, a lawyer can help you evaluate the benefits and drawbacks of each type, guiding you in making the best possible decision for your company.
Learn More about Business Bankruptcy from a Clinton Lawyer
If you are a business owner who has fallen on hard times, you might want to consider filing for business bankruptcy. Our attorneys at Hong Law, PLC can offer you the legal advice and assistance that is required to make this important decision, and protect you during the process. Learn more about business bankruptcy and the services we offer by calling (319) 294-5853.
Coralville, IA 52241
Phone: (319) 354-1804
Map to our Coralville Office