Do You Have Questions About Business Bankruptcy?

Do You Have Questions About Business Bankruptcy?

Get answers from our law firm in Knoxville, TN

Filing for bankruptcy is a confusing process. That's why you need a reliable legal team on your side. Woodside Law is a bankruptcy law firm in Knoxville, TN. Our skilled Chapter 13 and Chapter 7 bankruptcy attorney knows the ins and outs of Tennessee law. You'll get sound advice and consistent support when you work with us.

View the answers to our frequently asked questions about bankruptcy law below.

Take a look at some of our most common questions

Here are a few common questions we hear from local business owners:

How is business bankruptcy different from consumer bankruptcy?

Business bankruptcy is directly related to the performance of your company, which includes its profits and debts. It has nothing to do with your personal finances used for day-to-day consumer purchases.

What types of bankruptcy are available for businesses?

If you're filing for business bankruptcy, you have a few options available to you. You can file for Chapter 7, Chapter 11, Chapter 12 or Chapter 13 bankruptcy depending on your financial situation. Working with a bankruptcy lawyer is the best way to determine which one is right for your company.

Will filing for bankruptcy force me to close my business?

No. While closing a business is an option for those filing for bankruptcy, it's not always the end result. In fact, filing for business bankruptcy can help your business keep its doors open if done correctly.

Don't see your question on this list? Reach out to our business bankruptcy law firm today.