Your business began with a dream of yours that you’ve worked hard to build. But when things don’t always go as well as expected, and you might find yourself in financial trouble. If you own a business that is in financial distress, you may be wondering if there’s a way to save it and begin anew, or whether it’s time to call it quits. Either way, you can benefit from the expertise of a bankruptcy law firm, like the Hixson Law Firm of Arlington, Texas. With over 20 years of experience working with bankruptcy cases, our professional legal staff will offer you the legal guidance you can trust.
There are three types of bankruptcy from which a business owner can choose. If the business is in financial distress but, the owner wants to find a way to keep it going, Chapter 11 or Chapter 13 bankruptcy, may be a good choice. Chapter 11 bankruptcy offers a way to restructure a business so that it can once again become profitable and can continue to operate. Chapter 13 bankruptcy, offers a debt repayment plan but can only be used by individuals and can’t be filed for a business. Meanwhile, Chapter 7 bankruptcy discharges the business’ debt and liquidates the business. The legal staff at the Hixson Law Firm of Arlington, Texas, can discuss these options with you.
If you need legal help with a business that’s in financial trouble, call to schedule a free consultation with a business bankruptcy attorney from the Hixson Law Firm today. Our compassionate and knowledgeable legal staff is eager to help you overcome your financial difficulties. Call us at (817) 261-5000 and let us give you the sound legal and financial advice you need.
The Hixson Law Firm offers payment plans and serves the cities of Mansfield, Arlington, and Grand Prairie, Texas.