Attorneys Who Understand Business Bankruptcy
Financial difficulties do not have to be the end of your business. At Howard T. Duncan, Attorney at Law, our business bankruptcy attorneys work as part of your company's team to provide debt relief while maintaining your professional relationships. For more than 25 years, our lawyers have been helping clients in Nebraska and Iowa make their businesses profitable again.
Your company may have more financial stability than you think. If there are options other than bankruptcy, our attorneys will work with you to identify them. We may be able to work with your creditors to negotiate a repayment plan. Contact our bankruptcy lawyers to find out which debt defense option is better for your company.
Chapter 11 and What it Means for Your Business
Our lawyers understand the importance of keeping the doors of your company open. Chapter 11 bankruptcy allows us to set up a reorganization plan with your creditors while you continue to operate your business. After you file for bankruptcy, we have 120 days to establish a repayment plan to submit to creditors and the court. As part of your team, our attorneys work with you to rescale operations, discharge debt, and determine which debt to continue to pay in order to return to profits.
For any business owner, it is extremely important to maintain existing professional business relationships. Clients in the Omaha area have been very satisfied with our ability to structure a debt reorganization plan that satisfies creditors and gives clients back their financial freedom.
Get the Advice You Need for All Debt Liquidation Options
There are many paths to choose from when considering what bankruptcy option is best for your business. Our attorneys will explain how Chapter 11 or these other types of bankruptcy options can affect your business:
- Chapter 7 : If you wish to terminate your business, this option may be right for you. Also known as "straight liquidation," Chapter 7 bankruptcy requires that you sell all of your company's assets.
- Chapter 13 : Filing for Chapter 13 bankruptcy is very similar to filing a Chapter 11 bankruptcy. This chapter has subtle differences, such as requiring certain debt and income limits in order to be eligible.
- Workout Plans : Our bankruptcy team can take on your company's financial situation without you having to file for bankruptcy at all. Our debt-reduction methods include restructuring loans and addressing immediate concerns such as payroll and utilities.
Contact our office by email or call (402) 216-0313 to set up a FREE no-obligation consultation session. Our Nebraska bankruptcy lawyers will carefully discuss your finances with you so that you can make the right decision.
