Small Business Chapter 7 bankruptcy filing
At the Law Office of Nancy Akel Draughon, P.A., our staff has assisted many small businesses in the North Florida area with obtaining debt relief under a Small Business Chapter 7 bankruptcy filing. This type of bankruptcy is similar to an individual Chapter 7. In this situation, a business basically liquidates all of its assets under the supervision of a Trustee who then disburses the proceeds to the creditors. During this time, all creditors are prevented from pursuing any collection activity by the Automatic Stay, and the business can wind down quickly in a controlled and orderly fashion.
For further information regarding a Small Business Chapter 7, please contact us directly at 904-394-3205. You can also take advantage of our Free Bankruptcy Evaluation tool or email us at info@NorthFloridaBankruptcy.com.
We are a debt relief agency. We help people file for bankruptcy relief under the United States Bankruptcy Code.
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