Chevy Chase, MD Business Bankruptcy Attorney

Reliable Lawyer Representing Business Owners in Bankruptcy Cases in Chevy Chase, Maryland

Dealing with the financial pressures of running a business can be stressful. When your debts start to add up, your operating budget may become tighter and tighter, contributing to a downward spiral that can feel impossible to escape from. However, you have options to address your outstanding debts. A Chevy Chase, MD business bankruptcy attorney can provide you with legal advice and representation to help you reorganize your business and overcome your debts.

If you are considering filing for bankruptcy as a business owner, The Law Office of Donald L. Bell is here to support you. As a solo practitioner, Attorney Donald Bell will give your case the attention and care it deserves, working with you on an individual basis to address your business concerns. We will do everything we can to help you position your business for financial success with a tailored approach.

Can I Continue Running My Business While in Bankruptcy?

As part of your bankruptcy petition, you will have to submit a reorganization plan, which may involve major changes like negotiating new contracts or selling off assets. As you might expect, major changes can come with disruption to your business. If your business is your main source of income, you may have some very real concerns about maintaining daily operations while your business is in bankruptcy.

At The Law Office of Donald L. Bell, we understand how vital it is to have a consistent source of revenue while you are restructuring your business. We will plan out your petition for bankruptcy step by step to minimize the disruptions to your daily operations, allowing you to keep your doors open while you meet the requirements of your repayment plan.

What Can I Do if a Creditor Does Not Approve My Bankruptcy Petition?

In a Chapter 11 bankruptcy petition, you will have to present your reorganization plan to both the bankruptcy courts and your creditors. If your creditors believe that your reorganization plan does not address how they will be paid, they may dispute it. This can bring the legal proceedings to a halt until the dispute is resolved.

At The Law Office of Donald L. Bell, we have over 20 years of experience in bankruptcy cases, and we know how to handle disputes with other parties who object to your petition. We can represent you in negotiations for a feasible reorganization plan, addressing any questions posed by your creditors. No matter what, we will always prioritize your best interests in disputes with creditors, arguing for a resolution that does not leave you overburdened with financial responsibilities.

What Form of Bankruptcy Is Right for My Business?

At The Law Office of Donald L. Bell, we can help you pursue Chapter 11 or Chapter 5 bankruptcy depending on the needs of your business. There is no one-size-fits-all solution for business owners facing financial troubles, and we handle every case with an individualized approach. In order to determine which kind of bankruptcy is right for you, consider the following:

How much have you taken on in liquidated debts?
Are your debts mostly related to your business operations?
Are you regularly engaged in business activities?

At The Law Office of Donald L. Bell, we can provide you with qualified insights into what form of bankruptcy is right for you. In general, if you run a smaller business that is actively engaged in commercial activities, you may benefit from Chapter 5 bankruptcy, which is more streamlined. Even if you do not qualify for Chapter 5, we can still provide you with representation and guidance throughout the legal proceedings for Chapter 11 bankruptcy.

Contact a Chevy Chase Business Bankruptcy Lawyer Today

At The Law Office of Donald L. Bell, we are here to help relieve the pressure you may be facing as a business owner. To schedule an initial consultation with our Chevy Chase, MD business bankruptcy attorney, call our offices at 301-614-0535 or reach out to us online.