Are you or your business experiencing financial hardship and overwhelming debt? Would you or your business benefit greatly from the financial stability of having your debts extinguished? Not all plans work out, and when the going gets really tough, many companies find relief through Bankruptcy, and the attorneys at Basile Law Firm can help.
Bankruptcy laws have been used as a financial tool in order to correct big financial mistakes or simply to provide a company some breathing room. However, we believe that Bankruptcy is a tool of last resort when a Workout and Restructuring just won't cut it. While there is some stigma to filing Bankruptcy, if used properly, Bankruptcy can be used to shed millions of unsecured debt, restructure secured debt and even used as a vehicle to attract new interim funding. Business Bankruptcy is a complicated and rather expensive undertaking. We understand both the psychological and optic effect bankruptcy has on a business, so we proceed very carefully to examine each step in order to achieve a successful and cost-effective outcome.
Making the decision to file for bankruptcy is never an easy one, but with the guidance and assistance of an experienced law firm, the process can be a lot less stressful.
We handle the following bankruptcy services:
-
Chapter 11
-
Chapter 7
-
Chapter 7 bankruptcy eliminates a variety of unsecured debts, including:
-
Credit card debt
-
Medical bills
-
Personal loans
-
Lawsuit debts/civil judgments
-
Tax debt (in some cases)
-
-
Other debts, such as criminal fines, child support, alimony, and student loans, cannot be discharged by Chapter 7 bankruptcy.
-
* In part, we are a debt relief agency. We help people file for relief under the Bankruptcy Code.