Small-Business Bankruptcy — Austin Attorney
Get Debt Relief While Keeping Your Property
A small-business owner whose business has unmanageable debts does not necessarily have to file Chapter 11 bankruptcy. Depending on circumstances, it may be possible to obtain debt relief by filing bankruptcy under Chapter 7 or Chapter 13.
The Law Office of Michael J. Pledger is a law firm that has helped many small-business owners throughout Texas obtain debt relief. We take full advantage of the protections afforded by our bankruptcy laws and the bankruptcy system to help our clients deal with debts that are out of control.
Just because your business is organized as a corporation does not mean that your business creditors cannot come after your personal property. You could become personally liable for your business’ debts. Get legal advice today.
Chapter 7 For Small-Business Owners
If your business is no longer viable as an ongoing operation, Chapter 7 bankruptcy may enable you to get out from under an impossible situation. In a free consultation, attorney Michael J. Pledger can review your situation and discuss your options.
If Chapter 7 is right for you, we can prepare and file your bankruptcy petition and begin preparing your case. The moment we file Chapter 7, the threat of repossession, foreclosure, garnishment and collection judgments stops. We will then develop a plan that can enable you to keep as much personal property as possible and get debt relief. In as little as three months, you could be free from your debts and the threat of further legal action.
If Chapter 7 bankruptcy is not appropriate for you or you are ineligible to file, we can explore other debt relief options, including Chapter 13 bankruptcy or a workout.
Exemptions Can Protect Your Property
Exemptions in the bankruptcy laws can put your vehicles, tools of the trade, retirement accounts and other assets beyond the reach of creditors. In fact, most people filing Chapter 7 bankruptcy keep all of their property. Michael J. Pledger has a comprehensive understanding of the bankruptcy laws. Mr. Pledger will work diligently to help you obtain maximum debt relief while enabling you to keep as much property as possible.
Free Consultation With A Lawyer
We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code. And have proudly done so since 1979.