Experienced Bankruptcy Legal Help For Maryland Businesses
Contact a Federally Designated Debt Relief Agency
The current economic turndown or other factors have resulted in stressful economic challenges for many businesses. Perhaps you are attempting to formulate a plan based on a partial understanding of your debt relief, asset protection and bankruptcy rights.
Bankruptcy protections and their related legal tools are almost invariably much broader than assumed. Before you make important decisions or take potentially damaging action, consult with an experienced and helpful bankruptcy attorney. This action could save you money, assets and even your business.
We are often retained to negotiate informal workouts on behalf of our business clients. In informal workouts, we will try to negotiate partial payments or extended payment plans with creditors. When successful, a workout will help a business remain a viable entity, while allowing creditors to receive at least partial payment.
If creditors are unwilling to cooperate, another option is chapter 11 bankruptcy. Under chapter 11, business owners become debtors in possession. As a debtor in possession you can:
- Operate your business
- Reject or renegotiate contracts
- Reduce unsecured debt
- Prevent asset seizure by creditors
In addition to chapter 11 bankruptcy we can provide experienced chapter 12 bankruptcy legal services. Chapter 12 bankruptcy is a plan formulated for farmers and fishermen and watermen. Chapter 12 offers flexible options when financial difficulties arise. For more information regarding our lawyer team and your rights, contact our firm.
Contact Us
Don't commit to the time and expense of driving all the way to the Western Shore. Contact The Law Firm of Ann Shaw, P.A. for effective and truly convenient legal services; we are located one block from the Salisbury courthouse. To contact us for experienced legal service close to home, call 410-202-8029 or 866-986-2096.
