Georgia Business Bankruptcy Lawyers: Call 770-609-1247 to Speak With an Experienced Georgia Business Bankruptcy Attorney.
Businesses owners usually consider filing a business bankruptcy when the is no longer able to repay its debts and need to seek the financial protection the federal bankruptcy code offers. By filing a business bankruptcy, the debtors can start anew financially and are no longer responsible to any previously eliminated debts. However, depending on the type of bankruptcy the business decides to ask for, the conditions and requirements can determine different futures. Coleman Legal Group, LLC’s experienced team of Georgia business bankruptcy lawyers can help guide you and your business through this difficult time.
It is important to note that federal bankruptcy law required an attorney to file a business bankruptcy case. So even if you are the sole owner of a small business – you will still be required to retain an attorney to file bankruptcy for your business. It is not uncommon for a business bankruptcy cases to be dismissed when not properly filed. Any of our business bankruptcy lawyers can help you avoid this mistake and many others – smoothing the way for you through the entire case.
Chapter 7 and Chapter 11 bankruptcy cases are the usual form form of business bankruptcy filed. If a business files for Chapter 7, that business is no longer functional and the state will close down the company permanently. Also, all assets will be sold to pay back the creditors. However, if a business files for Chapter 11, the debt will simply be spread out over a timed schedule that is more practical for the debtor while keeping the business operating.
Georgia business bankruptcy law provides protection for business owners so that creditors cannot take legal action against the business during the process. However, to claim that protection, businesses must be quick to file for bankruptcy as soon as the debtors realize that they are approaching a financial point of no return. During the bankruptcy, in a Chapter 11 case the businesses may be allowed to continue operating during the bankruptcy procedure.
Coleman Legal Group, LLC handles cases in the following cities and communities: Atlanta, Alpharetta, Roswell, Johns Creek, Milton, Cumming, Marietta, Sandy Springs, Woodstock, Kennesaw, Gainesville, Norcross, Lawrenceville, Midtown, Inman Park, Duluth, Buckhead, Dunwoody, Vinings and Smyrna.
Coleman Legal Group, LLC’s Georgia lawyers practice in the areas of Bankruptcy, Divorce, Family Law, Immigration and Business Law. We have two convenient offices located at:
Alpharetta Georgia Office
5755 North Point Parkway
Alpharetta, GA 30022
Atlanta Georgia Office
659 Auburn Avenue Northeast
Atlanta, GA 30312
Copyright © 2013 | Coleman Legal Group, LLC | All Rights Reserved. Coleman Legal Group, LLC • 5755 North Point Parkway, Suite 52 • Alpharetta, GA 30022 • 770-609-1247 DISCLAIMER: The information you obtain at this site is not, nor is it intended to be, legal advice. You should consult an attorney for individual advice regarding your own situation.
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