Small Business Bankruptcy

SMALL BUSINESS BANKRUPTCY
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Small Business Bankruptcy Lawyer in Los Angeles California

If you are a business owner and experiencing serious financial problems, bankruptcy is an alternative. The bankruptcy laws give you options. To determine which choices are in your best interests, you need a skilled small business bankruptcy attorney.

At the law office of Cynthia L. Gibson, Attorney-at-Law, in Los Angeles, California, we provide business liquidation legal advice to all types of small businesses. We have extensive experience representing small businesses in Chapter 7 bankruptcy proceedings. We counsel small business bankruptcy clients throughout southern California, including Los Angeles County and Orange County, and the communities of Los Angeles, Seal Beach, Gardena, South Bay, Torrance, Long Beach, Huntington Beach, Lakewood, and Santa Ana.

In situations where it seems unlikely that the business will ever be able to pay its debts and continue as an ongoing concern, a Chapter 7 bankruptcy filing may be appropriate. Under a Chapter 7 bankruptcy petition, the debtor turns all assets, except those exempted by the bankruptcy code, over to the trustee, to be sold to satisfy the creditors.

The primary benefit of a Chapter 7 filing for a business is the automatic stay, allowing the business to dissolve without harassment or lawsuits from creditors. Upon the filing of the bankruptcy petition, the debtor immediately obtains the protection of the automatic stay provisions of the bankruptcy code. The automatic stay prohibits creditors from taking any further action to collect any debts included in the bankruptcy estate.

We are a debt relief agency.  We help people file for bankruptcy relief under the Bankruptcy Code.

Contact the small business bankruptcy attorneys at the law offices of Cynthia L. Gibson, Attorney-at-Law, to schedule a free initial consultation.