Chapter 7 for Business Owners and Consumers
Chapter 7 bankruptcy is a liquidation proceeding that allows individual debtors to discharge most forms of debt, credit card debt, medical bills, professional malpractice, guaranty obligations, certain tax debts and most unsecured debts.
Through appropriate pre-bankruptcy planning, exemptions, debt reaffirmation agreements and other strategies, many debtors who file for Chapter 7 bankruptcy are able to protect all or a significant share of their property. When Chapter 7 bankruptcy would lead to a significant loss of property, other debt relief measures such as Chapter 13 bankruptcy or various non-bankruptcy alternatives may be available to provide necessary debt relief.
Utilizing Chapter 7 Bankruptcy for Business Owners
At Wayne Greenwald, P.C., we are often contacted by business owners who are at risk of losing their business. We often utilize Chapter 11 reorganizations or other means with the goal of saving the business. When Chapter 11 bankruptcy will not provide a workable solution, we may file a Chapter 7 bankruptcy or provide other debt relief services for the business owner. Our objective is to save the entrepreneur for his or her next project.
We also represent individual consumers in Chapter 7 bankruptcy proceedings. Individuals may come to us for a variety of reasons:
- Individuals facing debt problems caused by divorce
- Individuals accused of a white-collar crime who must preserve assets
- Individuals facing bankruptcy fallout litigation or other commercial disputes
- Individuals who must defend against judgment creditors
- Individuals facing large consumer debts, including medical bills and credit card debts
Regardless of your financial challenge, you can rely on Wayne Greenwald, P.C., to vigorously protect your rights and financial interests. At our firm, you will be represented by an experienced and knowledgeable bankruptcy lawyer. Our founder, Wayne M. Greenwald, has been helping individuals and businesses find solutions to difficult financial and legal challenges for more than 30 years.
Contact Wayne Greenwald, P.C.
To speak with a New York Chapter 7 bankruptcy attorney today, contact Wayne Greenwald, P.C. Call us at (212) 739-7599 or toll free at 888-496-1553 to contact our law office in New York City. You may also contact us online.
We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.