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Phillips Esq.
Phillips Esq., Attorney-at-Law
Category: Bankruptcy Law
Satisfied Customers: 17909
Experience:  B.A.; M.B.A.; J.D.
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I have signed a lease for a medical office that was suppose

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I have signed a lease for a medical office that was suppose to be for a growing medical group. The other medical providers have disappeared and I am now left holding a monthly lease for another two years and three months @ $3325.00/month, which is now considered very high for rent in our area. I have asked my landlord to allow us to break the lease, so we can move to a lower rent. He has only offered to drop the rent $1000 a month. And if we don't agree may become a litigation. I am an S Corp in Nevada working in CA. SHould I file bankrupcy?
Thank you for giving me the opportunity to assist you. Kindly use CONTINUE or REPLY button to ask for clarification or follow-up questions.

Is your S-Corp still going to be in business?
Customer: replied 3 years ago.

I am considering disolving it and opening another one in Wyoming

Thank you for the information:




I am considering disolving it and opening another one in Wyoming


Question: I have signed a lease for a medical office that was suppose to be for a growing medical group. The other medical providers have disappeared and I am now left holding a monthly lease for another two years and three months @ $3325.00/month, which is now considered very high for rent in our area. I have asked my landlord to allow us to break the lease, so we can move to a lower rent. He has only offered to drop the rent $1000 a month. And if we don't agree may become a litigation. I am an S Corp in Nevada working in CA. SHould I file bankrupcy?

Response: If you are going to dissolve the business, then you should file for bankruptcy to get rid off the lease. Kindly note that you cannot file for bankruptcy for a business that no longer exists. So, you must first file for bankruptcy protection first. Then, once your bankruptcy case is concluded, you would then file with the Secretary of State's Office for the dissolution of the business.

As a business, you cannot file for bankruptcy protection by yourself. You need to retain a local bankruptcy Attorney to assist you with the case. You can use the following sites to find local bankruptcy Attorneys:

http://www.naca.net

http://www.nacba.org

http://www.lawyers.com

http://www.justia.com

Phillips Esq. and 2 other Bankruptcy Law Specialists are ready to help you