For small businesses in Columbus, Ohio grappling with financial difficulties, I provide specialized guidance in navigating bankruptcy options. Catering to businesses contemplating bankruptcy for the first time, I will offer expert advice on various aspects such as the type of debt (private loans, mortgages, credit cards, SBA loans, etc.), the eligibility for bankruptcy, decisions around business closure or continuation post-bankruptcy, and personal liability for business debts.
Recognizing that bankruptcy isn’t one-size-fits-all, I will provide insights into different bankruptcy types (Chapters 7, 11, and 13) and help determine the most suitable path for each unique situation. My free small business debt consultation aims to understand the business’s financial status and explore alternatives to bankruptcy, aiming for minimal-impact solutions. This comprehensive approach ensures you are well informed and supported in making decisions that affect both your personal and professional lives.
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Is Bankruptcy the Right Choice for Your Struggling Small Business?
If this is the first time you have considered small business bankruptcy in Columbus, Ohio, you may not know the answers to these questions. Hiring a qualified, Columbus small business bankruptcy lawyer will help you better understand your situation and the steps you should be taking.
- What amount of debt are you facing? Typically there are no minimums to how much debt you can have in your business before filing bankruptcy.
- What type of debt (Private Loans, Mortgages, Credit Card, SBA Loans, etc) is your Columbus small business facing?
- Does your business qualify for bankruptcy? An experienced Columbus small business bankruptcy attorney can help you answer this question.
- Do you want to close your business for good, or attempt to keep it running after filing for bankruptcy? This is a decision that will impact both your personal and professional life.
- Have you tried to remedy your situation through other means, such as credit counseling or refinancing your debt?
- What type of bankruptcy will be best, based on your current situation and what you want to accomplish?
- Are you a sole proprietor? How about an LLC or corporation?
- Are you personally liable for business debts? This will have a big impact on whether you can move forward with the bankruptcy process.
You Have Options for Columbus Small Business Bankruptcy
Many Columbus, Ohio small business owners believe that one type of bankruptcy is the same as the next, however, this is not the case. Just the same as filing as an individual, you have options for different types of Columbus small business bankruptcy including:
It is imperative to become familiar with the finer details of each type of small business bankruptcy, including which bankruptcy would do the most good for your small business and you as an individual.
What to Expect From a Free Small Business Debt Consultation With Our Columbus Attorneys
At The Needleman Law Office, I work to encourage our clients when they’re facing the heavy decision of filing for bankruptcy in their small business. When I receive your call, we want to paint a comprehensive picture of your situation, and your business’s profitability, and determine a financial plan of attack. This may eventually involve filing bankruptcy or it may include settling debts without small business bankruptcy. I get creative with finding alternatives to settle small business debt that inflict the smallest impact. When we’re finished with our free small business debt consultation, you’ll receive an email outlining what we talked about and have time to decide to move forward with my help. Your time spent connecting with me will always be transparent and easy to navigate.
Hire a Ohio Small Business Bankruptcy Attorney to Help With the Details
Are you finding your Columbus, Ohio small business debt too much to deal with? While some can dig out on their own a little bit at a time, others turn to bankruptcy. If your business has been hit hard by the current economy, a no-charge debt analysis with experienced Ohio small business bankruptcy attorney Scott Needleman can help you understand your rights and create a plan of action. A 15-minute phone call or video chat could change your entire business’s outlook. Call (614) 575-1188 today!
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