Jupiter Business Bankruptcy Lawyer
Business Bankruptcy Specialist Serving Jupiter, Palm Beach Gardens & Martin County
Businesses on the brink of insolvency may get relief from the nation’s bankruptcy laws. A failing business which cannot continue will find an orderly process to liquidate assets and wind up operations through a Chapter 7 proceeding. If plans are to continue the business, however, a Chapter 11 proceeding provides business owners with the opportunity to restructure company debt and finances and work out arrangements with creditors, lenders and suppliers to help the company move out of debt and put itself on a path to profitability. Businesses continue to operate while in Chapter 11 and often emerge stronger than ever, leaner and with a lighter debt load.
Jupiter business bankruptcy lawyer Julianne Frank has over 35 years helping businesses like yours solve their financial challenges and other business legal problems, Julianne Frank is a lawyer you can count on for practical advice and expert assistance in business bankruptcy or other financial alternatives for debt relief.
Chapter 11 Business Reorganization
Chapter 11 is a court-supervised restructuring of your business while under the protective dome of the bankruptcy system which protects you from your creditors. Chapter 11 allows you to continue operations as the “debtor in possession” of the business while you take the necessary steps to restructure your business and finances according to a more profitable and efficient model. With Chapter 11, you’ll see your debts lowered and obtain the necessary breathing room to pay off your debts over time without the looming threat of lawsuits, repossessions or other debt collection tactics.
At Julianne Frank Law, we employ proprietary technology to help you evaluate whether Chapter 11 is right for your business and to help predict the chances for a successful outcome. Call 561-320-7971 to discuss a Chapter 11 plan to save your business.
Chapter 12 for Family Farmers and Fishermen
Chapter 12 was created specifically for family farmers and family fishermen in financial distress. Julianne Frank Law serves families in agriculture, aquaculture and fishing businesses in South Florida who may be in danger of losing their farm or enterprise due to crushing debt. Chapter 12 allows the creation of a payment plan to pay off debts over a three or five-year period at a pace that is within the business’ means. Chapter 12 is open to individuals or spouses operating farming or fishing enterprises, as well as family-owned partnerships or corporations where a large portion of their income and debts are tied to the farm or fishing operation. Family-owned corporations will find Chapter 12 to be easier and less expensive than Chapter 11, while individuals and spouses will find Chapter 12 more tailored to their specific needs than a Chapter 13 individual bankruptcy. Contact Julianne Frank Law to find out if you are eligible for Chapter 12 and how Chapter 12 may benefit you.
Chapter 7 for Winding Up Business Operations
Chapter 7 liquidation bankruptcy is utilized when a company is closing its doors. Chapter 7 provides an orderly process for winding down the business, liquidating assets, paying creditors and tying up loose ends, without leaving the business owner exposed to company debts, liabilities, collections or lawsuits. When closing up shop makes the most sense, Chapter 7 may be well worth considering.
Speak to an Experienced Jupiter Business Bankruptcy Expert Serving South Florida
If you are a business owner in Palm Beach or Martin County who is experiencing financial difficulties and looking for effective solutions, call the Jupiter business bankruptcy specialist Julianne Frank at 561-320-7971.