Bankruptcy for Businesses
Bankruptcy is not limited to individuals struggling with debt. Many businesses in North Carolina struggling with debts they cannot overcome may need the legal assistance of bankruptcy. Bankruptcy offers businesses protection from creditors who may be harassing them, as well as the opportunity to renegotiate debts.
If your business has come to a financial position that is no longer sustainable, bankruptcy may be the best option. Due to the complications and requirements associated with filing for bankruptcy, seeking legal guidance can be invaluable in helping business owners get back on their feet financially.
Types of Business Bankruptcy
With the help of an experienced bankruptcy lawyer, businesses can file for the type of bankruptcy that best fits their needs. Two types of bankruptcy businesses can file for are:
- Chapter 7 Bankruptcy
- Chapter 11 Bankruptcy
There are variations in benefits and eligibility requirements for these different types of bankruptcy. It is important to discuss your situation with an experienced bankruptcy attorney in Cincinnati before filing any paperwork, to be sure that you are making the best move financially. The legal team at Ryan J. Ruehle, LLC understands that many factors can result in the financial hardship of a business, and we are dedicated to helping clients like you return to financial stability.
Consult a Bankruptcy Lawyer in Cincinnati
Declaring bankruptcy can have major benefits for businesses that want to get out of debt. At Ryan J. Ruehle, LLC, our lawyers are committed to helping businesses get back on stable financial ground by assisting them through the bankruptcy process. Call (513) 621-0999 today to speak with a bankruptcy lawyer in Cincinnati.