Business Bankruptcy Attorney Los Angeles Personal bankruptcy is a complicated proceeding, but business bankruptcy is even more complex, particularly when an individual’s personal and business finances are closely linked. If your business’ liabilities are outpacing its assets, however, you may be beginning to consider bankruptcy, and the advice of our seasoned business bankruptcy attorney in Los Angeles, Hamid Soleimanian, can help you feel more confident of making the best choice for your personal and professional situation. Businesses often go bankrupt due to factors outside their owners’ control, but bankruptcy provides an opportunity to retake control and gives new direction and incentive to begin again. When you file for business bankruptcy, you will be able to liquidate your assets, giving you the opportunity to pay off your debts. You may also be able to restructure your organization so that you can continue operating your business profitably. Whether you choose to file a Chapter 7 or Chapter 13 business bankruptcy, Hamid Soleimanian, Los Angeles business bankruptcy attorney, can help. Business Bankruptcy Attorney Los AngelesA Chapter 7 bankruptcy is available to both individuals and businesses. When a business files for Chapter 7 bankruptcy, its business assets will be liquidated to pay its debts according to a hierarchy prescribed by the U.S. bankruptcy court. Secured debts tend to be at the top tier, followed by unsecured debts or judgments. In a Chapter 7 bankruptcy, you will ultimately cease operations linked to your business.Chapter 13 bankruptcies tend to be filed by individuals, but if you are a sole proprietor or you own your own business, you may also be able to file for Chapter 13. Hamid Soleimanian, business bankruptcy lawyer in Los Angeles, can help you determine if you qualify for a Chapter 13, which will help you reorganize or restructure your business-related debts. Bankruptcy can be an extremely stressful time for business owners, but Hamid Soleimanian, Los Angeles business bankruptcy lawyer, can help ease the process by assisting you with gathering documents, presenting your case, and stopping creditor actions and collection efforts. Contact Hamid Soleimanian, Business Bankruptcy Lawyer Los Angeles To learn more about how we can help you throughout your business bankruptcy worry-free or to schedule your consultation with our bankruptcy attorney, contact us today. |
FREE Consultation
Testimonials
Samuel- Woodland Hills, CA
My wages were being garnished, and I was getting sued by creditors. I could not pay my debts to credit card companies. Hamid Soleimanian filed a chapter 7 bankruptcy for me and stopped my wages from b...