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Small Atlanta Businesses & Bankruptcy

Atlanta Bankruptcy Lawyer Handling Business Debt

When you open a business, you try to account for all future possibilities of success and debt. However, it is impossible to predict exactly what will happen and when. If you are a small business owner and are currently facing challenging financial times, small business bankruptcy may be a helpful option for you to consider. It is important that you take action to consult with an Atlanta bankruptcy lawyer who can advise you on your options. At Khoshnood Law Firm, P.C., we have advised thousands of individuals like yourself on business-related debt and bankruptcy.

Exploring Your Options for Business Bankruptcy

In order to determine if bankruptcy makes sense for you and/or your business, there are many different questions to consider. For example, are you trying to figure out how to deal with your creditors while still keeping your business afloat? Or are you trying to shut down your business entirely and close shop?

If you are trying to close your business down, you may not need a small business bankruptcy at all, since a corporate entity like an LLC or an incorporation does not receive a discharge of a corporation’s debts. The closing down of the business may be all that is needed, however most lenders who lend to small businesses require personal guarantees from the principals of the business. That way when a business fails, the creditor can go after the owners of the business.

If you are trying to keep your business afloat, there are a few questions to ask yourself:

  • What needs to happen for your business to keep operating?
  • Do need to increase revenue?
  • Do you need to decrease expenses?
  • Do you have a collection issue?
  • What has to happen in order for your business to be profitable?

How Our Firm Can Help

If nothing can save your business, then the next step is to determine how you can walk away from your business with the least amount of damage to you personally and your family. An Atlanta bankruptcy attorney from our firm can provide you with legal advice on this topic.We have been in practice for a decade and are known for our dedication to providing quality advice and representation.

For a free evaluation of your situation,
please reach out to us now at (404) 978-4411.

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Khoshnood

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Are you drowning in debt? Get in touch with Khoshnood Law Firm today to schedule your free consultation. We can help you begin your journey towards financial freedom.

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