Company owners considering Wenatchee business reorganization have options. At Brent Sorenson & Associates, we’re experts in business reorganization in Wenatchee WA. We will carefully spell out all of your alternatives so that you can make the best decision possible for the financial future of not only your company, but also your family.
Should You File Chapter 7 Bankruptcy as Part of Your Wenatchee Business Reorganization?
In many instances, owners of small companies going through Wenatchee business reorganization will consider filing for chapter 7 bankruptcy. This form of business reorganization in Wenatchee WA may make it possible for you to continue running your company. The answer to the question of ‘will be right for you’ will depend on many different factors. These include the amount of your debt, your available assets, and more. An attorney with Brent Sorenson & Associates can tell you more.
If you’re a sole proprietor and your company needs Wenatchee business organization, then you may be able to file chapter 7 to resolve both your business and personal debt. In many cases, owners going through business reorganization in Wenatchee WA can avoid the chapter 7 means test if their business debt is more than their personal debt.
There are also certain exemptions that can accompany Wenatchee business organization through chapter 7. You may be able to use these exemptions to protect your assets. There is even a possibility that you could continue to run your company after using bankruptcy to eliminate your debts.
It’s important to realize, however, that there are no guarantees chapter 7 will work in your specific situation. You have to be aware of the potential benefits, of course, but you also need to have a deep understanding of the possible drawbacks. That’s where a Brent Sorenson & Associates attorney can be a huge help. We’ll listen to your specific financial situation, and then recommend what we feel would be the best course of action.
The Attorneys with Brent Sorenson & Associates are Ready to Tell You More
Please don’t try to go through Wenatchee business reorganization alone. Find out how Brent Sorenson & Associates may be able to help by contacting us online or calling 509-444-2600.