Marshalltown Business Bankruptcy Attorneys

Beginning and maintaining a business is an extremely difficult venture, and involves all kinds of start-up and maintenance costs. Sometimes these costs become so overwhelming for Marshalltown businesses that they get into financial difficulties from which they cannot escape. But the attorneys of Hong Law, PLC want business owners to know that they have options for getting rid of outstanding debts; options like business bankruptcy can help business owners reclaim financial independence from creditors. Some options even allow one’s business to remain open during the bankruptcy process.

Options for Business Bankruptcy

Because there are different types of businesses, business bankruptcy includes several options from which to file. These different options are meant to target the needs of particular businesses, depending on their design, construction, and financial situations. Three options for business bankruptcy include:

• Chapter 7 Small Business Bankruptcy
• Chapter 11 Large Business Bankruptcy
• Chapter 12 Farm Bankruptcy

Business owners will have to consider which option is right for them as they file for bankruptcy, and sometimes this choice confuses business owners. Fortunately, getting quality legal advice and assistance is not too difficult when you know where to look for help.

Contact a Business Bankruptcy Attorney in Marshalltown

Deciding to file business bankruptcy may not be the easiest decision that you make, but it can be a smart one, financially speaking. If you have a business and are interested in learning more about settling debts through business bankruptcy, contact the attorneys of Hong Law, PLC today at our offices in Marshalltown by calling us at (319) 294-5853.