Bankruptcy
Business bankruptcy
Discover a commercial bankruptcy option at our Phoenix law firm
As business owners, we are well aware of the risks taken to establish a new business venture. If your debt outweighs your income, Thomson Law PLC offers a solution that will not only reposition your debt but also enable you to reorganize your business strategy and try again: commercial bankruptcy.
Like consumer bankruptcy, commercial bankruptcy releases business owners from their obligation to pay off most debts. You may be concerned about how a commercial bankruptcy will affect you and your future business ventures. You also may need to understand whether your business qualifies for Chapter 7 and Chapter 11 bankruptcy. Thomson Law PLC can answer these questions and any others you may have. We take the time necessary to fully understand your situation and assess your business needs.
Developing a strategic bankruptcy plan
Resolving debt is a very serious, complicated, and time-sensitive matter - you cannot afford to take any chances acting on a resolution plan without professional assistance. The team at Thomson Law PLC excels in matters of strategic bankruptcy and has a complete understanding of the intricacies involved. Our lawyers work closely with you to determine exactly where you stand and develop a plan of action to effectively reposition debt.
Personal Bankruptcy
Bankruptcy is a viable option for many individuals today who are overwhelmed with debt obligations and who have seen their earnings or income drop over the past several years. But bankruptcy is not available for everyone. You must first qualify to file for bankruptcy relief.
Before filing for bankruptcy, it is important to understand the challenges you may face. If you have yet to file bankruptcy, then we can assist with pre-bankruptcy planning to maximize your level of debt relief. Our attorneys can help you assess your assets, debts, and income and take steps to minimize challenges and other disruptions to your bankruptcy. We will take the time to explore the bankruptcy process and advise you on how to protect your rights before and after your bankruptcy is finalized.
We are experienced in representing debtors, including individuals and businesses, seeking to file bankruptcy. Once you are prepared to file for bankruptcy protection, our attorneys' experience and innovation can help you realize the full benefit offered by that form of debt relief. You may be interested in Chapter 7 liquidation bankruptcy, protecting your assets through a Chapter 13 bankruptcy, or filing for business bankruptcy (Chapter 11). We can also maximize the strategic benefits of a bankruptcy by exploring the ability to strip or remove junior liens or encumbrances from your home.
Find a financial solution that is right for you
Bankruptcy is not necessarily the right choice for everyone. Call our firm today to schedule a personalized consultation and let our experts design a debt resolution plan that's right for you or your business.
