Chapter 13 Business: What It Is
Protecting Small Business Owners Through Bankruptcy
In our experience, Chapter 13 bankruptcy can benefit the owners and principals of small businesses, partnerships and LLCs. To learn how our focus on bankruptcy can help you salvage your company or help you get out from under a crushing personal guaranty of business debt, contact one of our bankruptcy attorneys at O'Bryan Law Offices in Louisville, Frankfort or New Albany.
We represent small business bankruptcy debtors in Kentucky and Indiana
Inattention to the corporate or organizational formalities when you first started your business can lead to problems during times of financial stress. Our lawyers can assess your business and personal financial situation and help you develop a set of realistic objectives. In some cases, we can find a way to keep your company in business through a Chapter 13 debt repayment plan.
In other situations, we can show you that the business entity is not worth saving, and we’ll concentrate on minimizing your exposure to personal liability through either a Chapter 13 or even a Chapter 7 filing. In some cases, especially where the distinction between business and personal assets has been reasonably well preserved, it might make sense to file separate bankruptcy cases for the business and the individual.
Our clients include building contractors, landscapers, retailers, restaurateurs, licensed professionals, and people engaged in all construction trades. We help resolve debt problems such as the following:
- Unsecured trade debt
- Secured indebtedness
- Repossession or foreclosure on collateral
- Commercial lease arrearages
- Unpaid income taxes, withholding taxes, sales taxes or other small business taxes
- Unsatisfied judgments and liens
- Liability on personal guaranties
For dependable advice about business bankruptcy options for small business owners, contact one of our knowledgeable lawyers at O'Bryan Law Offices for a free consultation.
We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.