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Janet K. Hong and Derek Hong are the founding partners of Hong Law, PLC

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Home  >  Muscatine  >  Business Bankruptcy

Muscatine Business Bankruptcy Attorneys

Every business endeavor inherently comes with risks, especially when it comes to the large financial obligations that accompany starting, owning, and running a business. Unfortunately, these financial obligations can cause large debts to accumulate, putting a business manager in a tenuous and stressful situation. At Hong Law, PLC, we see many businesses in Muscatine facing this situation annually, causing those in charge to worry about not only their business’s future, but also that of their employees and themselves.

Fortunately for businesses struggling with overwhelming debts, there are several available legal options that can help a business owner address the mounting debts or even regain financial viability and keep the business operating. Through bankruptcy and debt negotiation options, many businesses are able to weather a period of financial struggle or successfully address their debts.

Options for Business Bankruptcy

When considering bankruptcy as a business, your options will vary based on the type of business you operate and your exact financial situation. However, some options our legal team at Hong Law, PLC, are prepared to help businesses with include:

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

In addition to the above options, sometimes non-bankruptcy related options are also available, including debt negotiation. Knowing which legal avenue is best for you and your company can be difficult, especially when trying to make the decision on your own. Because of this, many business owners and managers turn to bankruptcy professionals to provide the advice and guidance they need.

Contact a Business Bankruptcy Attorney in Muscatine

If you are a business owner and are considering filing for bankruptcy, our legal team at Hong Law, PLC, can help you evaluate your options and make the best decision for your situation. Talk about your financial options and how we can help you through the process of addressing your debts by calling (319) 294-5853.

Iowa City and Coralville Office Location: 845 Quarry Rd #130
Coralville, IA 52241
Phone: (319) 354-1804
Map to our Coralville Office