When revenues decline and costs go up, small-business owners are often faced with unfamiliar legal and financial challenges and questions: Is my business still making money? Can I protect my assets if I am unable to meet my payment obligations? And what are my options and best course of action regarding continuing to operate, reorganizing and liquidating?
At the Cincinnati Zingarelli Law Office, we have helped dozens of small-business clients manage debt and finance problems. We work with retailers, construction companies, contractors and subcontractors, residential and commercial landlords, professional organizations, and other businesses in Hamilton County and throughout southwest Ohio and northern Kentucky. Our debt attorneys have years of bankruptcy experience.The firm’s founder, Nick Zingarelli has over a decade of experience representing small businesses in bankruptcy matters, and has published multiple books on business bankruptcy and debt resolution.
We will apply years of experience and legal skills to protect your company’s financial interests. Contact our debt relief law firm today to schedule a consultation at one of our offices in downtown Cincinnati, Hyde Park, or West Chester, Ohio.
If your business is facing cash flow or debt issues, we can conduct a small-business analysis to determine your business’s past and future feasibility. By completing a means test and examining profit and loss statements, we can determine:
Once our analysis is finished, we can provide experienced counsel regarding options, which may include:
We also represent small business owners and lenders who need to collect debts or participate in a debtor’s bankruptcy proceeding.
Regardless of your course of action, we can provide knowledgeable representation to protect you and your assets, halt foreclosure of real property, stop creditor harassment and manage your entire legal process.
Zingarelli Law Office has helped hundreds of clients through the bankruptcy process. Chapter 11 bankruptcy is the best option for some small business owners. Chapter 11 is available to both individuals and businesses. It is commonly used by businesses to restructure and keep a company running. Like Chapter 13 bankruptcy, Chapter 11 involves a reorganization of debt. But, under Chapter 11, there is no limit to the amount of debt that can be restructured.
In some circumstances, Chapter 11 is the best option. But Chapter 11 may not be necessary. In fact, sometimes this option can expose the business owner to personal liability for debts. As an alternative to Chapter 11, you should consider Chapter 13 or Chapter 7 bankruptcy.
For some small-business owners, Chapter 13 or Chapter 7 bankruptcy can be less expensive and simpler than Chapter 11, and can give them more protection. Chapter 13 bankruptcy can allow your business to continue operating while still giving you debt relief. If you choose to quietly wind down via Chapter 7 bankruptcy, you can protect your personal assets and bring an orderly close to your business operations.
The business bankruptcy attorneys of Zingarelli Law Office will conduct a thorough analysis of your cash flow or debt issues and discuss your small-business bankruptcy options as well as other measures you can take that do not involve filing for bankruptcy. We have the experience and knowledge to help you make the right decision.
Read more below about our business bankruptcy services or contact our bankruptcy attorneys for a no-obligation initial consultation.
With offices in Cincinnati, West Chester, and Hyde Park, Ohio, the bankruptcy attorneys of Zingarelli Law Office represent clients in southwest Ohio, and northern Kentucky. Ohio communities we serve include Batavia, Mason, Loveland, Middletown, Hamilton, Fairfield, Anderson, Norwood, Western Hills, Blue Ash, Lebanon, Oakley and Liberty Township. Northern Kentucky communities we serve include Covington, Newport, Ft. Mitchell, Ft. Thomas, Florence, Burlington and Independence.