Joliet Small Business Liquidation Attorneys
Many small businesses are facing even greater challenges than usual at present because of the state of uncertainty in the economy. When businesses have more debt than they are able to manage, it may be appropriate to consider filing for bankruptcy protection. Small business liquidation refers to the process that small business owners undergo when filing for bankruptcy under Chapter 7 of the United States Bankruptcy Code. It allows business owners to discharge many of their debts by closing their business and liquidating their assets, then utilizing the proceeds from that sale to pay creditors.
Closing your small business can be a hard decision, but it is important to remember that this can be the first step toward a brighter future for another venture. The experienced Joliet small business liquidation attorneys at the Law Offices of Stuart B. Handelman are dedicated to making the liquidation process easier on our clients, and helping our clients through all aspects of a bankruptcy case. Contact us today at 888-753-6140.
Assistance with Liquidation
The liquidation process can be overwhelming for some small business owners, so having the legal assistance of an experienced liquidation attorney can be tremendously beneficial. An attorney can help by:
- Evaluating your legal options from every angle
- Fully articulating the bankruptcy and liquidation process
- Communicating with creditors so you don’t have to
- Protecting your rights as an individual filing for bankruptcy
Handling the liquidation of a small business by yourself is possible, but not advisable as any mistakes in the filing can prevent you from gaining the fresh start that you seek.
At the Law Offices of Stuart B. Handelman, our Joliet small business liquidation attorneys are dedicated to helping you through the liquidation process quickly and easily. Contact us by calling 888-753-6140 to discuss your situation with a compassionate and knowledgeable lawyer.