Business Bankruptcy Process
As soon as a business owner files for corporate bankruptcy, they must cease all operations. That means all services must stop being rendered and if there is any production of goods, that process must stop as well. Once all operations have been ceased, a court-appointed trustee will work with you and your business to liquidate your assets and/or develop a plan to repay creditors.
It’s important to understand that if you’re a business owner, you will not be in charge of your own bankruptcy process. Furthermore, once the bankruptcy is complete, your business will no longer be operational. Although corporate bankruptcy is extremely emotional and stressful, a trusted and knowledgeable bankruptcy attorney can make it easier to manage.
Knowledgeable Louisiana Business Bankruptcy Attorneys
If your business is in financial trouble, there’s no better time than now to start working toward a solution. A bankruptcy attorney can help you determine which type of bankruptcy you should file and help you navigate the process. With more than 35 years of experience in Louisiana, the attorneys at E. Orum Young have helped thousands of businesses and business owners understand the options related to their financial burdens.
E. Orum Young Law Offices has filed the most bankruptcies in Northeast Louisiana. Whether you are a sole proprietor, DBA, LLC, or corporation, you can benefit from expert legal services. We can analyze the financial status of your business, suggest the most appropriate bankruptcy, and assist you throughout the filing process. Trust us to look out for your best interests every step of the way. Contact us today for a free case evaluation. Our Trial Guarantee ensures that we will take your case to trial per your request.