Bethesda Maryland Bankruptcy Attorney
Is your business being harassed by creditors and collection agencies? Are you facing lawsuits, or other oppressive collection practices? Is the IRS threatening to shut your doors due to outstanding tax debts? If so, it may be time for your business to consider bankruptcy.
Bankruptcy is not always the best course of action when a debt-laden business is failing. In many cases, if your personal assets are not at risk, it is best to just close the business and walk away rather than filing for bankruptcy. Even when it is the best choice, there are different types of bankruptcy filing approaches, with each having a distinct set of advantages and disadvantages. The Bethesda Maryland bankruptcy attorneys of Gilman & Edwards, LLC can help you navigate through these decisions and this difficult process.
As experienced bankruptcy lawyers, we will explain all of your options so you can make an informed decision about whether bankruptcy is right for you and your business. With offices in Montgomery and Prince George’s Counties, we serve clients throughout Maryland and the District of Columbia. Contact us to discuss how we can help you get debt relief.
Helping You Get Debt Relief
If your business is unable to pay its debts or is struggling to stay afloat in these difficult economic times, you may be eligible for business bankruptcy under either Chapter 7 or Chapter 11 of the Bankruptcy Code. Chapter 7 is a liquidation of assets that effectively ends the business, while Chapter 11 involves a reorganization of the company in order to pay off creditors.
Bankruptcy is a serious situation for any business and should be regarded as such. We can help you sort out the issues and determine whether Chapter 7 or Chapter 11 is the correct course of action for you and your business.
Contact a Maryland Bankruptcy Lawyer Today
At Gilman & Edwards, LLC we are well versed in all types of bankruptcy filings, as well as alternatives to bankruptcy — loan modifications, work-outs, debt settlements, IRS offer-in-compromises and mediation. Put our experience and knowledge to work for your business if you are considering a bankruptcy filing. Contact us to set up a free initial consultation and find out if bankruptcy is the right move for your business.