HomeChapter 7 Vs Chapter 11: Navigating Small Business Bankruptcy And SBA Loan Programs

Chapter 7 Vs Chapter 11: Navigating Small Business Bankruptcy And SBA Loan Programs

We Reduce Business Debt

Lawscape is dedicated to helping business owners successfully resolve their business debt without headaches, or long term consequences.

We Provide Nationwide Business Debt Relief

Lawscape provides nationwide business debt relief services. We work a wide array of lenders, service providers, and types of business debt. We are able to restructure and reduce, all types of secured and unsecured business debt. 


Millions of Dollars in Debts

Our team has experience handling 10’s of millions in debt, ranging from SBA debt, to Merchant Cash Advance and more. 


All Types Of Debt

Regardless of the type of business debt you have, we can help. We have experience handling all types of secured and unsecured business debt. 


Nationwide

Our company is led by experienced business debt relief experts who have experience handling secured and unsecured debt nationwide. 

Failing To Repay Business Debt Isn’t The End

Many business owners think failing to repay business debt means: your business is over.

This simply isn’t true. Business debt is a problem which CAN be handled, just like everything else; but only if you take pro-active steps. Lawscape helps you understand the law, and works with you to make sure that business debt isn’t the end of your business. 

What Are Some Ways We Can Help With Business Debt Relief?

Our experienced business debt relief consultants are here to help you through this stressful time. 

Alright, let’s talk turkey here. When you’re faced with financial hurdles and your small business is on the line, knowing the ins and outs of small business bankruptcy can be the lifeline you clutch. Lawscape and the Lawscape are your one-stop-shop for negotiations and gearing up repayment plans with those big cats over at the Small Business Administration (SBA).

The Inside Scoop on Chapter 7 and Chapter 11 Bankruptcy

Now, let’s dive into the nitty-gritty of Chapter 7 and Chapter 11 bankruptcy. Picture Chapter 7 as an escape hatch that lets you liquidate your assets to pay off debts when the financial going gets really tough. It’s like admitting defeat, shutting down the operation, and selling off the business assets to get those nasty debts off your back.

Chapter 11, on the other hand, is more like a second wind. It’s the chance for your business to catch its breath while reorganizing and restructuring those dollar-draining debts. This is your ticket if you’ve got a solid business blueprint that needs a bit of financial tidying up to get back in the green.

Mastering the Art of Repayment Plans

In every business deal, negotiation is a big slice of the pie. Whether you’re considering Chapter 7, Chapter 11, or SBA debt relief, getting a repayment plan on paper can really lift the weight off your shoulders. Those friendly folks at the Lawscape are seasoned pros when it comes to these negotiations.

The key here is to play open cards with everyone involved. Keep everyone in the loop about your financial situation and how capable you are of making those payments. If you’re committed to settling that debt, strong negotiations could see you with reduced interest rates and extended payment periods.

Now, mix this with options like SBA debt relief and SBA loan forgiveness, and you bring the big guns to the money battle. It’s like having your own financial SWAT team.

The Impact of SBA Loan Forgiveness

Are you familiar with SBA loan forgiveness programs like the Paycheck Protection Program (PPP)? They are like lifesaving drugs for your business’ ailing finances. These programs can give your business a shot in the arm by forgiving a chunk or the entire loan amount, given you meet certain criteria. Imagine preventing bankruptcy by just reducing your debt load!

Here’s where knowing the ins and outs pays dividends. Understand the requirements, get assistance from the talented attorneys at Lawscape, and you might just dodge the bankruptcy bullet altogether.

If you’re staring down the barrel of a 60-day notice of repayment from the SBA and are thinking about signing up for Chapter 7 or Chapter 11, hit up our office first!

Why Choose Lawscape?

You know why you should turn to us for your Treasury or SBA Debt woes? Well, we’ve unraveled millions of dollars in SBA debts through Offer in Compromise and Negotiated Repayment Agreements, all without our clients filing for bankruptcy or staring at foreclosure signs.

Moreover, our attorneys are authorized by the Agency Practice Act to represent Federal Debtors Nationwide before the SBA, The SBA Office of Hearings and Appeals, the Treasury Department, and the Bureau of Fiscal Service. Now, ain’t that an ace up your sleeve?

Lawscape Can Help You Manage Your Business Debt

If you’re struggling with business debt, we can help you understand your situation. During the initial consultation, we’ll go over the contract, and other legal documents you signed. After that, our firm will work with you to get a better understanding of your situation, and help you come up with a game plan that keeps your business alive. 

We Handle It All

01

Merchant Cash Advance

02

SBA Debt Relief

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Secured Business Debt

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Unsecured Business Debt

Everyone has different types of business debt. What matters is that you take it seriously. Regardless of whether it’s secured, or unsecured, you need to work with a firm that understands how to negotiate, reduce, settle, and manage, this business debt. 

Discuss your situation today

We are here to help you, and want nothing more than to help you save your business. Speak to our business debt relief specialists today.



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