Due to Hurricane Ian, our office will be closed this Thursday, September 29th. Please contact us at 813-699-4911 for any questions or concerns.
Chapter 7 for Small Businesses

Brandon Small Business Bankruptcy Lawyer

Small Business Bankruptcy Chapter 7 in Hillsborough County

Can a Business File for Chapter 7?

If you own and run a small business and have fallen into serious debt, it may be wise to file for Chapter 7 bankruptcy and discharge all of those expenses. Owners of small businesses often have their personal assets tied to their business property. When debt becomes too great, and the business income cannot keep up with payments to creditors, Chapter 7 bankruptcy may be a viable solution.

Some business owners choose Chapter 7 bankruptcy if their businesses have assets that can be liquidated. If the business does not have assets, then the owner may be able to file under Chapter 7 and avoid creditors taking action against the individual owner. However, if you do not have assets to liquidate, it may be wiser to let the corporation end by not filing for corporate status.

Considering small business bankruptcy Chapter 7? Contact The Golden Law Group at (813) 699-4911 or complete our form for free consultation with our small business bankruptcy lawyers in Brandon. We also serve clients in Tampa.

When Should I File for Business Chapter 7?

At The Golden Law Group, we often advise business owners that they don't file for Chapter 7 for their business entity. If the business has insignificant assets and is no longer a viable business entity, it may be the best solution to simply let the corporation die by not renewing its corporate status. If the business has assets that can be liquidated, however, it is probably best to file for Chapter 7, to ensure that creditors cannot take action against the individual owner. If you have commingled your personal assets with your business entity, it may be best to file simultaneous Chapter 7 bankruptcies for yourself and your business.

Our firm can help you to do this in an efficient manner. You can save a lot of time by filing for these bankruptcies at the same time. By filing simultaneously, you won't necessarily reduce your filing fees and attorney costs, but you will save a significant amount of time by having the two bankruptcies confirmed in the same time frame, rather than consecutively.

Benefits of Small Business Bankruptcy Chapter 7

The benefits of small business bankruptcy Chapter 7 is different depending on how you file. If you are a sole proprietor, it will allow you to wipe out your personal and business debts in one case. If your business debt is more than your personal debt, you do not have to meet the requirements based on the means test.

Call Our Small Business Bankruptcy Lawyer in Brandon

Learn more about small business bankruptcy Chapter 7, call an experienced Tampa chapter 7 bankruptcy attorney at The Golden Law Group. We are ready to answer all of your questions about bankruptcy, debt relief and illegal collections practices. From convenient office locations, we represent small business owners in bankruptcy matters in Brandon, Tampa, Sarasota, and communities throughout the Florida Gulf Coast region. If you are over your head in debt and don't know where to turn for relief, turn to us.

Contact us or call (813) 699-4911 for a free, no-obligation consultation with a Brandon bankruptcy lawyer.
We also serve those in Tampa.

Get a Free Copy of Our Book

"Bankruptcy in Florida, by G. Donald Golden" answers some general bankruptcy concerns, such as: How do I know if I should file for bankruptcy?"

Life Changing Stories

Our Former Clients Share Their Experiences
  • “Top notch company, Elyssa Harvey is simply the best. My situation was a little tough but she was determined to get it done. Thank you for everything, I finally have a fresh start and better educated, ...”

    - jay thomason
  • “We simply can't say enough about Brandon Law Group, they took us through an overwhelming and stressful situation step by step effortlessly. Elyssa Harvey and all the staff are the best. If you have a ...”

    - Mike and Andrea Murray
  • “I called the Golden Law Group when I found myself drowning in debt and facing foreclosure of my home. I was scared and filled with anxiety but almost as soon as I walked into the office for my ...”

    - Donna Robbins
  • “I was more than satisfied with the work that attorney David Bromley ,Jessica and the whole staff did. They always had time to answer my questions . They were thorough and very effective . I give them ...”

    - Sheryl
  • “My business, it's Golden, started in Tampa FL and ended in York, PA. In the 5 years working with them, Every single time I called for assistance, I was able to speak with someone immediately. I don't ...”

    - Denise W.