Austin Commercial Bankruptcy Attorney
It takes a good deal of courage and hard work to run your own business. Every entrepreneur is aware of the risks he or she faces, and naturally tries hard to minimize them. Unfortunately, there are many variables beyond a business owner’s control, and even a well-run organization can sink into debt.
It is hard to face the prospect of bankruptcy, but sometimes it is the best option for you and your company. Austin bankruptcy lawyers Slater, Kennon & Pugh Ltd.LLP, will handle your case with both compassion and effectiveness. Contact our offices at 512-338-1100 to learn about the services we can provide.
Types of Austin Commercial Bankruptcy
A struggling business is given several by the US Bankruptcy code, including Chapter 7 bankruptcy and Chapter 11 bankruptcy. To learn more about these options and how our Austin bankruptcy law firm handles them, check the following pages:
Filing for bankruptcy does not have to mean the end of your business, or your career. A Chapter 11 bankruptcy, also known as commercial reorganization, will allow your company to remain in operation while you repay your creditors. Once you have completed your repayment plan, you can resume full control of your business and start anew.
Even a Chapter 7 bankruptcy does not have to involve leaving your chosen field. You will need to sell certain assets, but you will able to emerge from this difficult experience with a clean slate. Once your credit has been restored, you will have the option of rebuilding.
To speak with Austin commercial bankruptcy lawyers Slater, Kennon & Pugh Ltd.LLP, contact our offices today at 512-338-1100.