Pennsylvania Business And Commercial Bankruptcy Lawyers
Many small and medium-sized businesses are struggling with our given economy. While getting to the surface and overcoming significant debt issues can seem impossible, it is important to know that as a business owner you have viable options for debt relief. At Scaringi Law, we represent clients throughout Pennsylvania in commercial and consumer bankruptcy.
Call Scaringi Law at (717) 775-7195 to schedule a case evaluation.
Filing For Business Bankruptcy
Depending on your situation and the amount of debt, you may be able to file individually with a Chapter 7 or Chapter 13 bankruptcy. If you are unable to file on your own, Scaringi Law's Pennsylvania business and commercial bankruptcy attorneys can file a Chapter 11 bankruptcy for your business. We will help determine what bankruptcy is right for your business' specific needs.
Small Business Bankruptcy
The Small Business Restructuring Act of 2019 created a new bankruptcy option for small businesses that consider restructuring. This solution, also known as Subchapter V under Chapter 11, takes into account how small businesses can struggle with the complexity and expenses of a standard Chapter 11 bankruptcy process.
Benefits of filing for subchapter V for a small business include:
- Quicker restructuring plan confirmations and overall process
- Only the debtor can submit a repayment plan to the court
- Obtaining creditors’ approval is not mandatory
- A creditor’s committee is not appointed unless necessary
- An appointed trustee oversees the reorganization
Small businesses may still choose to pursue a Chapter 7 bankruptcy if they are looking to liquidate their business especially since Chapter 7 exempts certain assets. Sole proprietorships remain eligible for Chapter 13 bankruptcy.
Corporate Bankruptcy — Representation From Business And Bankruptcy Lawyers
It is in your best interests to be represented by a business lawyer who has experience in the area of bankruptcy and knows the specific benefits of business bankruptcy. We have a dedicated team of consumer bankruptcy attorneys as well as skilled business lawyers who can assist you in getting the debt relief you need to remain afloat. We have in-depth knowledge of bankruptcy law and a proven track record in business law matters to effectively represent your interests.
Schedule A Case Evaluation With Our Harrisburg Business Debt Attorneys
Call (717) 775-7195 now, or click to contact Scaringi Law via our easy form. Learn more about our expert services in personal and business bankruptcy law.
We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.