Small Business Bankruptcy
Legal Help for Business Owners in Ventura and Los Angeles
In today’s trying economic times many small businesses are having severe financial trouble. You may have started a business that can no longer meet its obligations. Your personal and business obligations may be so intertwined that dealing with them has become a nightmare.
Bankruptcy is one word that a small business never wants to hear, but if your business is sinking under the pressure of heavy debts, it may be your best option. The complex process of filing for corporate bankruptcy is a lot easier when you have an experienced lawyer at your side. At the Ercolani Law Group, we advise business owners on whether Chapter 7 Bankruptcy is the best option given their individual situation.
Debt Relief for Your Business
At the Ercolani Law Group, we have helped many clients, including 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
- 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
We Help Business Owners Keep Their Assets
At the Ercolani Law Group, we offer experienced and personalized legal service to help business owners through difficult financial times. The decision of whether to seek protection under Chapter 7 or Chapter 13 is important. A Chapter 7 typically provides the most debt relief and, whenever it makes sense, we try to get our clients into Chapter 7. In other cases, a Chapter 13 small business bankruptcy filing with debt reorganization is the best option. If neither Chapter 7 nor Chapter 13 will work, we can assist you with a Chapter 11 bankruptcy proceeding.
Schedule a Free Consultation – Centrally Located Office
There is a lot of pressure that comes with running a business facing bankruptcy. At the Ercolani Law Group, we will help you use the law to your advantage, so that in the end you come out economically intact. Our office is located near the 101 Freeway in Westlake Village, just east of Westlake Blvd, just a short drive from Simi Valley, Woodland Hills, or Oxnard. Contact us today for a free initial consultation. Call 805-338-6880 or email.