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Maverick
Maverick, Attorney
Category: Bankruptcy Law
Satisfied Customers: 6423
Experience:  20 years of professional experience
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I have a struggling business and was wondering what was the

Resolved Question:

I have a struggling business and was wondering what was the best way to keep bill collectors while i try to keep my business afloat, before claiming bankrupcy?
Submitted: 7 years ago.
Category: Bankruptcy Law
Expert:  NYCLAWYER replied 7 years ago.
What specifically do you want to know?
Customer: replied 7 years ago.
What are my first steps to filing for bankruptcy?
Expert:  NYCLAWYER replied 7 years ago.
I will send you to our bankruptcy section.
Expert:  Maverick replied 7 years ago.

You will need to decide whether you want to file a chapter 7 or a chapter 13.. Under a Chapter 7, you will basically liquidate your business. Under a chapter 11 or 13 you will be able to buy yourself sometime and work out a payment plan under which you agree to pay all the secured debt and all or some part of the unsecured debts.

 

 

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Maverick, Attorney
Category: Bankruptcy Law
Satisfied Customers: 6423
Experience: 20 years of professional experience
Maverick and 2 other Bankruptcy Law Specialists are ready to help you