Goshen business bankruptcy attorney Loraine P. Troyer knows how difficult it can be when your business income is not sufficient to cover your business expenses. While this rarely represents an ideal situation, there are viable options you can consider to minimize your losses.
Bankruptcy is a possible option. In various cases either a Chapter 7 or Chapter 13 bankruptcy in Goshen, Indiana can either improve your situation or, at the very least, keep things from getting worse. An important part of the decision on whether to file bankruptcy — and which type of filing option you should pursue — depends upon whether you hope or are able to continue the business or close it and pursue employment elsewhere.
Whether your business is an LLC, an S-corporation, a C-corporation or an individual proprietorship, bankruptcy may be an option for you.
At your initial appointment, experienced Goshen business bankruptcy attorney Loraine P. Troyer will explain bankruptcy and discuss various options which support your individual situation. Your income will be especially important in determining your options.
Unfortunately, many business owners often limit their options by waiting until things have gone too far before consulting one of the more experienced bankruptcy attorneys in Indiana. Don’t delay getting the answers you need to start working towards a solution.
The help you need is just a phone call away! For more information about business bankruptcy in Indiana, or to schedule an appointment to discuss your options, email Loraine P. Troyer today or call her office directly at 574.534.2347.