Debt Relief Is Available For Struggling Businesses
There are challenges for everyone in these difficult times. Michigan’s small businesses, especially retail stores, restaurants and lodging, are some of the hardest hit.
There are several debt relief options, including bankruptcy, that can help small businesses survive. Our attorneys at Schwartz Law Firm can help you sort through your options.
Helping You Make Informed Decisions
We help business owners explore all available avenues for debt relief. Your best choice will depend on the details of your situation. We can help you make informed decisions.
Debt relief could include negotiating with creditors, consolidating loans, modifying lease agreements – or bankruptcy. For some businesses, the best option is bankruptcy. We make sure that you fully understand your options and guide you toward the path that offers the most benefit.
Lease Modification Can Resolve One Of Your Largest Expenditures
Business owners often find themselves financially overextended due to high commercial lease payments. We can help you negotiate a lease modification with your landlord. For many business owners, it is a valuable opportunity to reduce expenses and keep their company from closing. Some property managers are willing to work with businesses to ensure their properties are occupied.
Understand All Of Your Options, Including Bankruptcy
We will help you explore all possibilities for debt relief and help you file for bankruptcy if that is the best path forward. Chapter 11 allows you to reorganize your business debts. The other option is Chapter 5, which is a streamlined bankruptcy option for businesses. It allows smaller businesses with less than $2.75 million of debt to reorganize under Chapter 11.
If your Michigan business is struggling, bankruptcy might help you survive. Our firm is a member of the Restaurant and Lodging Association of Michigan. We want to stand by – and support – all our fellow members. Contact us via email or by calling 888-757-1681.
We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.