Know All The Facts – Talk To A Parker CO Bankruptcy Lawyer, And Make The Right Choice

The circumstances of your business will determine the kind of bankruptcy available to you. If you are a corporation, an LLC, or a partnership, you can file chapter 7, or chapter 11. Be aware though, that a trustee appointed to your case can sue the partners on behalf of the creditors, if assets fall short of debts.

Why is your business failing? Your Parker CO bankruptcy lawyer will ask this question in order to be better able to advise you if you should reorganize, or liquidate. The reorganization process can be expensive, and time consuming – it will require the personal participation of owners, and managers. You might choose a chapter 7 liquidation instead, if your debt is extreme, and the business seems unredeemable.

Let years of experience in bankruptcy law help you make the right choice. Talk to a Parker CO bankruptcy lawyer. Call the Parker Lawyers firm today: 303-841-9525.

Get The Specifics From Your Parker CO Bankruptcy Lawyer

Chapter 12 is a specific form of bankruptcy for “family farmers.” Under chapter 12, an applicant is asked to formulate, and present a plan of action that will allow him to pay off his debt within a certain time period – commonly, 3-5 years.

Chapter 12 is a very specialized branch of bankruptcy, and it calls for specific representation. A Parker CO bankruptcy lawyer will know how to advise a client about the particulars that are involved with filing for chapter 12 bankruptcy.

James T Anest, P.C. has had over 30 years of experience with bankruptcy cases. There are new laws to consider, and consulting with a professional can go a long way in giving you the confidence that you have made the right decision.

Call with questions about your financial situation, and get answers from a qualified Parker CO bankruptcy lawyer: 303-841-9525.