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Filing for bankruptcy can be a good solution for a company that is struggling to survive while also facing unpaid debts. If you own a business and are considering this option, it’s worth your while to touch base with a lawyer. They can advise you as to whether bankruptcy is a feasible choice for your situation. If you do go ahead with the process, it’s usually beneficial to hire an attorney to take care of it for you. 

Benefits of Enlisting a Bankruptcy Attorney

1. Eliminates Harassment

Creditors and collection agencies can get extremely persistent—bordering on what you might consider harassment. An attorney can contact these organizations and give you a break from those unwanted phone calls. This alleviates stress and allows you to focus on fixing your financial situation.

2. Consolidates Paperwork

bankruptcyThe process of filing for bankruptcy requires a significant amount of paperwork. Not only that, if you fill out just one form wrong, the entire process can get delayed or even derailed. A lawyer specializing in business and corporate law can take over the paperwork for you and ensure that it’s done correctly.

3. Provides Guidance

A successful filing requires a thorough understanding of bankruptcy law. By tapping into the legal expertise of an attorney, you can avoid the uncertainty that often comes with this process. They can guide you every step of the way, keeping you from making costly mistakes.

 

Considering hiring a bankruptcy attorney? Talk to the professionals at Ibold & O'Brien. With locations in Chardon and Orwell, OH, this law firm has been assisting clients in the counties of Geauga and Ashtabula since 1980. In addition to business and corporate issues, their team can help in areas from criminal defense to real estate and zoning law. Get an overview of their firm online. For an appointment, call the location nearest you: (440) 607-5228 for Chardon or (440) 437-5295 for Orwell.

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