Utah Chapter 11 Bankruptcy Lawyer
Shareholders in closely held corporations are often on the hook for business debt through personal guaranties or other commitments. Should the company have to file for bankruptcy, the creditors will attempt to collect from the personal guarantors of the business debts, which are usually the owners and managers of the business. To protect these individuals' personal assets as well as the business interests, you need a lawyer experienced in complex bankruptcy cases.
More Than Just Business Reorganization
Chapter 11 bankruptcy gives a business the opportunity to reorganize its finances under bankruptcy court protection, but the corporate Chapter 11 case does not protect any individual with potential liability for corporate debt. Depending on the nature and extent of your exposure under personal guaranties, you could benefit from advice about your own bankruptcy options.
We help shareholders, sole proprietors and guarantors analyze their finances to see whether business indebtedness indicates the need for personal bankruptcy relief.
Whether you're eligible for a Chapter 7 bankruptcy or Chapter 13 bankruptcy, we have seen many success stories and will guide you on the right path to protect your individual interests.
Sometimes individuals facing potential liability for corporate debt encounter eligibility problems under Chapter 7 or Chapter 13. Chapter 7 is not available to those with too much income, and Chapter 13 is not available to those with too much debt. How much is too much depends on specifics that must be analyzed.
Attorney Paul Toscano can help you navigate the individual Chapter 11 case that might represent your only remaining bankruptcy option. In some cases, it is necessary to untangle individual assets and liabilities from those of the business in order to maximize your protection and minimize your losses.
Experience
At The Law Office of Paul Toscano, PC, we have been working with business and complex bankruptcies since 1983. We have also helped thousands of individuals in Salt Lake City, Utah, with debt relief using our knowledge and experience with every chapter of the bankruptcy code (except Chapter 15). Complex bankruptcies for small business principals are very tricky to navigate, but our attorneys can help you find the solution that works best for you.
Consumer and Commercial Debt Relief With Dignity
At The Law Office of Paul Toscano, PC, we advise clients about debt relief through Chapter 7, Chapter 11 and Chapter 13 bankruptcy as well as by other means. We offer the first consultation free of charge. To explore your debt relief options, call our lawyers at 888-509-3683, or send us an e-mail*.
* Please understand that we DO NOT become your lawyers just because you accessed our web site, or emailed us, or even attended a first free appointment with us. We do not become your lawyers until you sign a written contract with us that spells out the legal services we will provide and the estimated fees and costs you will pay.
WE ARE A DEBT RELIEF AGENCY. WE HELP PEOPLE FILE FOR BANKRUPTCY RELIEF UNDER THE BANKRUPTCY CODE.
