Orlando Business Bankruptcy Attorney

Turning Crisis into Opportunities with Orlando’s Business Bankruptcy Attorney

Businesses face unprecedented challenges from economic downturns, the pandemic, and increasing competition. Even thriving businesses can deal with serious challenges and struggle to remain profitable. In the last year, the total number of businesses filing for bankruptcy has increased by 23.3 %.

Bankruptcy has negative views associated with it, but even in the darkest times, it gives you a fresh start. I am an Orlando bankruptcy attorney who will help you use the process to your benefit. Here are some ways I can make a difference in giving your business the flexibility it needs.

Bankruptcy and Orlando’s Business Bankruptcy Attorney

Bankruptcy is the process that allows businesses to repay or eliminate their debts under the protection of the legal system. It gives you more flexibility in negotiating and working out an arrangement where your business could emerge from bankruptcy stronger. Businesses have three different options when filing for bankruptcy.

Chapter 11 Bankruptcy

Chapter 11 bankruptcy lets you reorganize and reduce the debts impacting your business. Partnerships, corporations, and high-income sole proprietorships use it. Chapter 11 involves working with a court-appointed trustee, who analyzes and approves a plan for working with your creditors.

The process allows you to recover assets, repay some debts, and terminate leases and contracts. The plan is presented to creditors, and the court will review everything. If the court thinks the plan is fair and reasonable, the plan will be approved. The process can take at least a year to create a plan and ensure everyone agrees.

Chapter 11 offers numerous benefits, including:

• Control over operations
• Continuation of the business while you reorganize
• Employee and asset retention
• Greater control while negotiating a restricting plan.

These advantages help you to continue running your business and create a viable way to address your challenges.

Chapter 7 Bankruptcy

Chapter 7 bankruptcy is a possible option when there is no way for the business to survive. It is commonly called liquidation bankruptcy and is used when debts are so high that reorganization is not viable. Partnerships, corporations, and sole proprietorships use it.

Chapter 7 is preferred when the business has high levels of debt and not many assets. For example, a sole proprietorship that relies on the owner’s skills uses this option. You must go through a means test if your income is at a certain level before the court will approve the application. Once the means test is completed, you may have to file a different form of bankruptcy, or it is approved, and liquidation begins.

A trustee is appointed by the court to take control of the assets, liquidate them, and distribute the proceeds to creditors. After this happens, you are released from any obligations, and the debts are discharged.

Chapter 13

Chapter 13 is for sole proprietorships, and many small businesses that use bankruptcy will choose this option. You can reorganize your debts and create a repayment plan with the courts reviewing the plan. Your payments depend on the debt levels, income, and total assets. Many small business owners use this option to protect their personal assets, such as their homes.

I am an Orlando business bankruptcy lawyer and will help to guide you through this process. Contact me, Lewis Roberts, at (407) 749-0080 to schedule your free consultation. I will review your situation and discuss our options for maximum protection.

The Advantage of Bankruptcy for Businesses

Bankruptcy offers numerous benefits for your business and helps you make a fresh start.

Crisis Management

As your business bankruptcy lawyer in Orlando, I will work with you on crisis management. I help you navigate your challenges and create a strategy to move forward. I offer strategic guidance, support, and objective advice. You can effectively deal with your situation by knowing you have an experienced and competent professional.

Planning and Analysis

I work closely with financial professionals to evaluate your situation and recommend the most effective options. I use my connections and resources to assess your cash flow, debts, assets, and liabilities. The information helps me understand what is happening with your business and the most effective approach for addressing its challenges.

Business Valuation

I assist you in deciding the actual value of your business throughout the bankruptcy proceedings. I collaborate with various experts to assess the fair market value to negotiate with creditors effectively. These insights give us leverage in creating an effective strategy that works for you.

Communication

Effective communication with the various stakeholders is critical throughout bankruptcy. I facilitate communication with your employees, shareholders, and creditors. I ensure everyone knows what is happening with the goals and the steps in achieving critical objectives.

Employees

Your employees are critical, and their morale is vital to retaining them throughout the process. I assist in developing a clear path, including emerging from bankruptcy. Regardless of the type of bankruptcy, I work to create a smooth process.

Exit Strategy

The final stage of bankruptcy is the exit strategy and how these proceedings are finalized. I develop a clear path for moving forward to reduce your financial challenges.

As your business bankruptcy attorney in Orlando, I give you the necessary flexibility. It requires creating an effective plan for dealing with the immediate issues and identifying new opportunities to enhance your sustainability and long-term growth.

Why Choose Us?

Florida’s bankruptcy laws are complex, and you need a skilled professional to guide you. I offer numerous advantages, including the following:

Knowledge

I am well-versed in state and federal bankruptcy laws like the U.S. Bankruptcy Code. My knowledge helps to establish a legal framework that gives you leverage to protect your interests. I work with your creditors to create favorable solutions.

Experience

I have years of experience working on numerous business bankruptcies. My experience will help you to find the right solution that looks out for your interests. No two cases are the same, but there are similarities between these cases. My experience matters to ensure that nothing is left to chance.

A Customized Strategy

One of my most critical roles is creating a customized strategy for your business. My plan outlines what I will do to deal with the immediate challenges and help your business. I work closely with you to ensure the strategy is realistic and achievable for your short- and long-term goals.

Negotiating

I negotiate with your creditors to support the plan and encourage them to see how it will benefit them. My efforts focus on extending repayments, decreasing debt, and creating an orderly transition.

Asset Protection

Protecting your assets is critical in ensuring your company’s financial health. I help you to understand which assets are exempt and non-exempt to safeguard your real estate, intellectual property, and equipment.

Compliance

State and federal laws regulate bankruptcy and require compliance with them. I ensure you meet all deadlines, submit accurate information, and follow court orders. Non-compliance could lead to the dismissal of your case, potentially putting your business at risk.

Bankruptcy is complex, and you need me to ensure the process goes smoothly. I tirelessly fight for your business and ensure your rights are respected. Contact me, Lewis Roberts, at (407) 749-0080 to schedule your free consultation. I will review your situation and discuss those options that could work effectively for your business.

FAQs

What is Business Bankruptcy?

Business bankruptcy helps struggling businesses repay or eliminate debt using the courts’ protection. It offers a structured framework to help you find a clear path forward and protect your most valuable assets.

What are the Types of Business Bankruptcy?

You have numerous options for business bankruptcy, including Chapter 11, Chapter 7, and Chapter 13. Chapter 11 lets you continue with your operations while you restructure. Chapter 7 helps you liquidate non-exempt and protect exempt assets such as your home. Chapter 13 bankruptcy is used by small businesses to restructure and address issues impacting their profitability.

When Should You Consider Filing a Business Bankruptcy?

You should consider bankruptcy when your business is financially distressed, has overwhelming debt, or cannot meet its obligations. It is critical to consult with me to help you assess your situation and decide on the most effective course of action. The bankruptcy laws are complex; I will guide you through this process.

Are there Alternatives to Bankruptcy?

You have alternatives besides bankruptcy, including restructuring debt, negotiating with creditors, obtaining additional financing, and selling assets. I will review your situation and discuss the options that could provide the most effective relief. My goal is to help your business through its financial challenges so it can become stronger.

Can Bankruptcy Help a Business to Become Stronger?

Numerous large and small businesses have entered bankruptcy to emerge more competitive and stronger. These objectives are achieved by streamlining operations, dealing with financial issues, developing reorganization plans, and renegotiating debt. All these help businesses to emerge stronger and become more economically viable. Bankruptcy is a fresh start that could make a difference for your business.

Attorney Lewis Roberts

The weight of debts that one cannot pay carries financial stress into every waking moment. It is time for this to end. Lewis Roberts, PA, offers solutions to relieve these worries. With over 20 years of experience in helping individuals overcome the burden of debt, bankruptcy attorney Lewis Roberts presents a range of options tailored to each unique situation. Clients can trust his advice on any matter related to debts, as he identifies appropriate options and explains the paths to debt relief clearly and carefully. This ensures that clients make the best decisions for their future. [ Attorney Bio ]