Bankruptcy Is Not Only For Individuals

Owning and operating a business can be risky and stressful. If your small business is struggling through slumps in your industry or the local economy, regrettable mistakes or a loss of profit, it is possible to start over or make your business viable again.

Just as individuals file for bankruptcy in order to gain a fresh start, businesses too have that option. I am attorney Allan Converse Watkins. At Watkins Law Firm, P.A., in Tampa, Florida, I dedicate my practice to getting businesses back on their feet.

What Can Your Business Do?

Business bankruptcy can be carried out in two ways: through Chapter 7 or Chapter 11. With my over 40 years of experience, I understand every nuance for each option. In short:

  • Chapter 7 liquidates your business's viable assets in order to pay outstanding debts.
  • Chapter 11 focuses on creating a plan that explains how your business will become profitable again. This plan, created by me with your assistance and goals in mind, must be approved by the bankruptcy court.

How we proceed will depend on your unique situation. I will work with you personally to help you understand your options, answer your questions and lead you through the process from start to finish.

I Help Everyone Involved

In addition to helping debtors, I also represent and guide other entities involved with bankruptcy, including bankruptcy trustees and creditors. These processes can be complicated and overwhelming for everyone, and I am ready to help you, no matter what.

Act Now

Whether you are a home builder, professional or any other small-business owner, filing for bankruptcy is not easy. Let an experienced, compassionate lawyer lead you through. Schedule an initial consultation with me by calling 813-226-2215 or sending an email.

Watkins Law Firm, P.A., is a debt relief agency. This firm helps people file for debt relief under the bankruptcy code.