Top Orlando, FL Business Bankruptcy Lawyers Near You
111 North Orange Ave, Suite 1200, Orlando, FL 32801
200 S. Orange Avenue, Suite 2300, Orlando, FL 32801-3432
7331 Office Park Place, Suite 3, Viera, FL 32940
819 West Main Street, Suite B, Tavares, FL 32778
201 S Orange Ave, Suite 1400, Orlando, FL 32801
201 East Pine Street, Suite 500, Orlando, FL 32801
255 S. Orange Avenue, Suite 900, Orlando, FL 32801
2815 West New Haven Avenue, Suite 303 & 304, Melbourne, FL 32904
PO Box 540163, Orlando, FL 32854
300 South Orange Avenue, Suite 1600, Orlando, FL 32801
6900 Tavistock Lakes Blvd., Suite 400, Orlando, FL 32827
1060 Woodcock Rd, Orlando, FL 32803
618 East South Street, Ste 500, Orlando, FL 32801
200 S. Orange Ave, Suite 800, Orlando, FL 32801
225 E Robinson St, Suite 600, Orlando, FL 32801
450 South Orange Avenue, Suite 650, Orlando, FL 32801
180 N. Park Avenue, Suite 2A, Winter Park, FL 32789-7401
121 S Orange Ave, Suite 1120, Orlando, FL 32801
255 South Orange Avenue, Suite 1260, Orlando, FL 32801
1210 Eastin Ave, Orlando, FL 32804
225 Robinson Street, Suite 155, Orlando, FL 32801
901 N Lake Destiny Rd, Suite 450, Maitland, FL 32751
941 West Morse Blvd, Suite 100, Winter Park, FL 32789
111 North Orange Avenue, Orlando, FL 32801
390 N. Orange Avenue, Ste 1400, Orlando, FL 32801
Orlando Business Bankruptcy Information
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What Is Business Bankruptcy?
Business bankruptcy is for businesses in financial trouble that want to clear or reorganize their debts. Corporations, partnerships, and sole proprietors can generally file Chapter 11 or Chapter 7 bankruptcy. Chapter 11 bankruptcy allows the business to continue operating while reorganizing debts, while Chapter 7 bankruptcy typically means closing or selling the business and liquidating assets.
What Are Some Examples of Situations Where I Might Need a Business Bankruptcy Lawyer?
If your business is struggling with debts that you cannot pay off, a business bankruptcy lawyer can explain your bankruptcy options. While not many people’s preferred option, bankruptcy can help your business discharge company debts or reorganize debts and continue operating. Business bankruptcy can also stop collection actions against company assets.
How Can a Lawyer Help Me With a Business Bankruptcy?
A business bankruptcy lawyer can review your company’s financial situation and represent you in the bankruptcy process. This includes:
- Explaining the benefits and downsides of Chapter 7 and Chapter 11 filing
- Ensuring that collectors stop harassing your business
- Negotiating with creditors for repayment
- Creating a reorganization plan to help your company return to profitability
What Could Happen if I Don’t Hire a Bankruptcy Lawyer?
Not hiring a bankruptcy lawyer can lead to costly errors and prolonged financial stress. If you don’t hire a bankruptcy lawyer, you might make mistakes in the bankruptcy process. These mistakes could lead to your case being dismissed. Without a lawyer’s guidance, you could miss out on important protections, such as stopping creditor harassment or preventing foreclosure. You might also choose the wrong type of bankruptcy, resulting in more financial trouble. Handling bankruptcy alone increases the risk of losing assets you could have kept and wanted to keep. Additionally, you may struggle to negotiate with creditors without a lawyer. This makes it harder to achieve a manageable debt repayment plan or discharge.
What Questions Should I Ask When Trying To Find a Bankruptcy Lawyer in Chicago?
These questions can help you decide if you feel confident that a lawyer has the qualifications, experience, and ability to manage your case well. Many lawyers offer free consultations that allow you to understand your options and get specific legal advice before hiring them. Top questions include:
- What is your experience in handling bankruptcy cases? Have you managed cases like mine? What was the outcome of these cases?
- Do you have experience resolving issues like this in Illinois?
- What is your approach to handling bankruptcy cases?
- What is your record in negotiating favorable debt repayment plans?
- How do you communicate with clients about the progress of their cases?
- How much input will I have about the case strategy?
- What are your fees and billing structure?
Tips for Hiring a Bankruptcy Lawyer
Finding a lawyer who is right for you and will represent your best interests is an important first step in protecting your rights. Find a lawyer who understands your case, knows your needs and goals, and has the experience to get the best outcome. Things to do:
- Ask for recommendations
- Research lawyers online
- Schedule consultations
- Review experience and expertise
- Talk about billing and fees
- Trust your instincts