Businesses that are overwhelmed with debt could find relief through Chapter 11 bankruptcy. This type of bankruptcy helps business owners reorganize their debts through a payment plan. Not every business owner qualifies, so it's important to discuss your company's financial situation with a bankruptcy lawyer in Knoxville, Tennessee.
Woodside Law can help you consider the pros and cons of filing for Chapter 11 bankruptcy. In general, filing for Chapter 11 bankruptcy lets you...
Pay creditors on an affordable payment plan
Retain your company assets to stay in business
Discharge your debts after completing the payment plan
Contact our bankruptcy law firm today to make an informed decision about how to move forward.
It depends on your company's financial situation. At Woodside Law, you'll meet with a bankruptcy lawyer to discuss what kinds of assets you own and debts you owe. It's important to be candid so we can work toward the best possible solution.
Contact our bankruptcy law firm today to make an appointment.