Bankruptcy and Foreclosure

Even as our economy continues to rebound from the devastating effects of the recent economic downturn, bankruptcies and foreclosures continue to be all too common.  If your business, like countless others, is facing economic problems, the bankruptcy attorneys Boca Raton at Weiss, Handler, & Cornwell can help your business make the best of any negative situation.

Bankruptcy

Depending on the circumstances, bankruptcy can sometimes be the best thing for a company going through difficult times, and by no means is it a “death sentence” for your business.

In fact, the federal bankruptcy code allows for businesses to enter into bankruptcy in a way that maintains operations and turns the business around (Chapter 11). Of course it also does have procedures by which you could close the business and liquidate its assets (chapter 7). Our bankruptcy lawyers Boca Raton can advise, counsel and represent your company in any bankruptcy proceeding.

Chapter 11 is allows business owner’s to reorganize their businesses if they are experiencing a heavy debt load, and enables them to control their payments. Companies are often able to renegotiate contracts and have debts either discharged or reduced. Though bankruptcy can take a toll on a business, during the process, it can still operate, learn from its mistakes, and potentially recover and go on to become a profitable business once more.

Chapter 7 is a mechanism whereby a business can close and sell off its assets to pay as many debts as possible. If that business is a sole proprietorship or general partnership, there can be personal liability for a business’ debts, and so it is important to have competent legal advice before filing for bankruptcy.  If you own a small business struggling with debt, you personally can eliminate most or all of these debts by filing a Chapter 7 bankruptcy. If the business is a separate legal entity, such as a corporation or LLC, the business can file a bankruptcy.

If, on the other hand, your business is having issues with customers, clients, suppliers or contractors who are in bankruptcy, we can also advise and represent you to make sure the impact on your business is as limited as possible.

Foreclosure Advising and Litigation

If you or your business owns property for which you cannot maintain mortgage payments, contact our foreclosure attorneys Boca Raton to discuss your options.  Debtors, even those behind on payments, have rights and legal protections. Our foreclosure lawyers Boca Raton can work with you to try to avoid the foreclosure process. If the foreclosure process has already begun, we can help insure it’s done properly so you can use the property for as long as possible and transition to a new location. If the mortgage holder is improperly forcing you into foreclosure, our Boca Raton foreclosure attorneys can protect your rights and litigate the issue.

Landlord-Tenant Law

If you own or manage rental property, you are faced with a number of laws covering various legal issues.  We can relieve that burden and help you focus on running your business.

We represent property owners who rent or lease their residential, commercial, or industrial property.  We can: draft, modify, or review leases, keep clients up to date on the many legal issues involving property owners, address lease violations and property damage, and help you navigate premise liability. The eviction process is spelled out by state law and when it’s necessary, our Boca Raton bankruptcy lawyer  makex sure it’s done properly and efficiently.

If you own a rental property and have questions or need advice, call our office so we can help you get the most from your property.

Give our office a call to speak with a Boca Raton bankruptcy attorney today at 1-561-997-9995 or 1-800-863-9560.