Helping Ohio Small Businesses Find Debt Relief
In the legal world, there is often a separation between businesses and individuals. In the field of bankruptcy, the law separates business bankruptcy from consumer bankruptcy. Although these distinctions can help distinguish the different legal processes, it hides the fact that behind every business is people. Businesses are conceived, founded and run by normal people like you. When a business is facing serious debt problems, these issues are not isolated to the business; they carry over into the daily lives of the people running these businesses.
At Law Office of Amy Wilburn LLC, we understand that business bankruptcy, like consumer bankruptcy, involves human beings. Attorney Amy Wilburn considers her job of helping clients find bankruptcy relief to be her calling. From our office in Toledo, we help clients throughout Northeast Ohio with all types of business bankruptcy. We are here to help you get out from under the debt problems your business is facing.
Chapter 11 Bankruptcy
Chapter 11 is the bankruptcy option for most general businesses. Although it can be a difficult process, there are times when Chapter 11 is a perfect choice, as it does not require you to forfeit your disposable assets and it can make your business debts more manageable, allowing you to keep your business afloat.
The Small Business Reorganization Act (SBRA), which became law in 2019, creates a sub-chapter within Chapter 11 for small businesses wanting to file for bankruptcy reorganization, but it gives them more flexibility and streamlines the overall process. SBRA will provide needed help to small businesses that might struggle to comply with traditional Chapter 11 bankruptcy provisions.
If your business is struggling with debt issues, the best thing to do is talk with an experienced lawyer who can answer your bankruptcy questions and help you determine if Chapter 11 is the right choice for your business.
Chapter 12 Bankruptcy
Chapter 12 is a bankruptcy option created specifically for family farmers and fishermen. If you qualify for this type of bankruptcy relief, it can be the most efficient of all the available options.
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We are a debt relief agency. We help people file for relief under the Bankruptcy Code.