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Posted On: July 26, 2010 by Scott Sagaria

Chapter 7 and business

A San Jose bankrutpcy lawyer chats on Chapter 7 and business

Protection under Chapter 7 of the U.S. Bankruptcy Code is available to individuals, sole proprietorships, ‘dbas’, partnerships, and corporations. It is not uncommon for a business to file for Chapter 7 bankruptcy in order to alleviate its debts and financial burdens. Without the protection of Chapter 7 bankruptcy to businesses, less and less small business owners would be less likely to open their doors and take a chance.

Most people think that only Chapter 11 or Chapter 13 bankrupctcies are available to businesses, but they are mistaken. It is highly unlikely that a small business can survive a Chapter 7 and just get back up and running. It will take some time and likely some outside investment/help in order for a business to get up and running following a Chapter 7.

If you have questions regarding Bankruptcy in San Jose please contact us at 408.279.2288 for a free consultation or visit www.bkanswers.com and we can connect you with one of our experienced San Jose Bankruptcy Attorneys. After you have spoken with one of our downtown San Jose bankruptcy attorneys, we can schedule you for a free face to face appointment in an office location nearest you. Our team of San Jose Bankruptcy Lawyers can assist you with all aspects of your bankruptcy or bankruptcy litigation case. If you have questions about filing a Chapter 7 bankruptcy, a Chapter 11 bankruptcy, a Chapter 13 bankruptcy, or would like to learn more about bankruptcy litigation, legal debt settlement, mortgage modification, lien stripping, cram down, stopping a foreclosure, wage garnishment, asset protection, discharging a debt, etc. we can help! We have bankruptcy attorneys located throughout California and Oregon who can assist you with all of your debt resolution questions. Please feel free to complete our free online bankruptcy evaluation and we can quickly determine if you are a qualified candidate for bankruptcy. We look forward to hearing from you, San Jose and the South Bay!

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Posted In: Chapter 7 Bankruptcy

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