Atlanta Law Firm Guides Struggling Businesses Through the Bankruptcy Process
Georgia firm offers trusted legal advocacy for businesses that need debt relief
The attorneys at Rountree Leitman & Klein LLC are dedicated to helping businesses throughout the Atlanta metro area that are struggling with overwhelming financial debt. Most businesses carry at least some level of debt, whether due to startup costs or expenses associated with regular operations. However, when that debt becomes unmanageable, it might require your business to pursue legal relief through bankruptcy protection or loan workout agreements. Our firm has built a strong reputation for offering personalized services and protecting the financial future of its clients.
Experienced attorneys provide enterprises with structured paths to financial relief
Our firm’s business bankruptcy attorneys have decades of experience assisting clients in making vital decisions about their financial options, which include:
- Chapter 7 bankruptcy — Businesses may file for Chapter 7 bankruptcy, which is a process involving the orderly liquidation of assets in order to provide partial payment to remaining creditors. It brings all litigation to an immediate halt, and allows the business owner to walk away and turn over the remaining administration to a Chapter 7 trustee.
- Chapter 11 bankruptcy — Chapter 11 bankruptcy is an option for business owners that wish to keep their doors open and continue operations without interruption. The business owner remains in control of all operations subject to court oversight and periodic reporting requirements. The business owner may file a plan of reorganization, which can include revised debt terms, internal changes and the cancellation of burdensome obligations. Or, the business owner may choose to sell any or all assets free and clear of all liens and other encumberances. The Chapter 11 debtor in possession may also assume favorable leases and executory contracts (even over the objections of the lessor or counterparty and notwithstanding any anti-assignment provisions in the lease or contract).
- Chapter 12 bankruptcy — Chapter 12 bankruptcy is a separate section of the bankruptcy code that provides financial relief to owners of family farms and fisheries. It is a repayment plan that is offers greater flexibility in light of the unpredictability associated with these operations.
For many businesses, dealing with aggressive debt collectors has become a full-time job. Once you file for bankruptcy, you get an “automatic stay,” and these collections activities, judgments and garnishments must stop until the debt is addressed during the bankruptcy process.
Dedicated law firm facilitates loan workouts to satisfy creditors
Liquidity issues and overwhelming debt are common problems for businesses, and they can seriously threaten their survival. As banks and other creditors make demands for payment, a business owner may not know how to respond appropriately. Our firm’s seasoned debt relief attorneys have experience helping businesses that are facing complex financial challenges. We stand by our clients’ side in order to help them with loan workouts and restructuring transactions. We help identify your needs and formulate customized workout solutions that minimize your risk and put you in the best financial position possible moving forward.
Contact an experienced Atlanta bankruptcy law firm that will protect your interests
If your Atlanta-area business is in financial distress or considering bankruptcy, the attorneys at Rountree Leitman & Klein LLC offer the efficient, innovative and strategic solutions you need. Call our office today at 404-737-9623 or contact us online to schedule your initial consultation.
