Massachusetts Chapter 11 Bankruptcy

Solutions for struggling businesses

DeBruyckere Roth & Associates, PLLC can help your Massachusetts business file for bankruptcy. If your business is more concerned with paying back creditors than turning a profit, then you may need legal help to lift the burden. Our firm prides itself on developing solutions that meet our clients’ needs, whether it means filing for Chapter 11 or Chapter 7.

Attorneys at DeBruyckere Roth & Associates, PLLC have handled many Massachusetts business bankruptcy claims. We understand that running a business can be very stressful, even without creditors demanding money from you. Our lawyers take the time to assess the details of your company’s financial situation and advise you about your options. If your business faces an uncertain future, contact our firm for Massachusetts business bankruptcy help.

Should you file for bankruptcy?

There is no definitive moment when your business must file for bankruptcy. The decision to file is personal. DeBruyckere Roth & Associates, PLLC can provide advice, but ultimately, the fate of your business rests in your hands.

If your debt that is accumulating at an unprecedented rate and creditors are constantly asking you for payments, then it may be time to pursue legal solutions.

Many companies, from corporate giants like General Motors to corner stores, seek bankruptcy when their businesses are no longer sustainable. A business bankruptcy can be understood as protection against creditors and an opportunity to restructure your company so that it can return to viability.

Two types of business bankruptcies

There are two main types of Massachusetts business bankruptcy claims:

• Chapter 7 bankruptcy: also known as liquidation, this option discharges debt and liquidates non-exempt assets. Chapter 7 is commonly used by individuals with consumer debt.
• Chapter 11 bankruptcy: Chapter 11 is intended for businesses of all sizes. Chapter 11 establishes a payment plan and allows owners to maintain control of the business and its assets while reorganizing.

Considering a Massachusetts business work out

Some businesses may not have to file for bankruptcy. DeBruyckere Roth & Associates, PLLC can help you pursue a Massachusetts business “work out”, which involves negotiating with creditors outside of the court. Our attorneys help business owners develop creative proposals for creditors. Of course, business work outs are only applicable when creditors are open to negotiating. This can be a worthwhile option for businesses trying to avoid the stigma and consequences of bankruptcy.

Call 978 686-4600 for help with Massachusetts business bankruptcy.