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Levitt & Slafkes, P.C. - Essex County Bankruptcy Attorneys

Get The Fresh Start You Deserve

Levitt & Slafkes, P.C. - Essex County Bankruptcy Attorneys
GET THE FRESH START YOU DESERVE

Bankruptcy &
Debt Relief For
Individuals and
Businesses

Chapters 7, 11
and 13

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Foreclosure
Defense &
Mortgage
Litigation

Saving Homes
Fighting Banks

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Loan
Modifications

Preventing
Foreclosure

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Commercial and 
Bankruptcy
Litigation

State Federal &
Bankruptcy Court

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Bankruptcy & Debt Relief For
Individuals and Businesses

Chapters 7, 11 and 13

Find Out
More

Foreclosure Defense &
Mortgage Litigation

Saving Homes Fighting Banks

Find Out
More

Loan Modifications

Preventing Foreclosure

Find Out
More

Commercial and Bankruptcy
Litigation

State Federal &
Bankruptcy Court

Find Out
More

Discharging Business Debt

| May 7, 2013 | Business & Commercial Bankruptcy |

If you are a small business owner facing financial struggles, it is likely you have incurred a significant amount of personal debt trying to keep your business afloat. It is important to seek the advice of competent bankruptcy counsel to discuss the possibility of eliminating the business-related debt you incurred personally. It is common for small business owners to sign personal guarantees, obtain loans, use personal credit cards and even borrow from their own savings account to fund the business.  As a result, the business owner can incur a significant amount of personal debt. If you are concerned how your personal bankruptcy case will affect your company, it depends on the type of business you own. If your entity is legally incorporated, it is not required to file its own bankruptcy case. However, a business owner who files bankruptcy must list his interest in the business as an asset in his filing. Very often the business is not affected by the bankruptcy, but it is imperative that you consult with an experienced  bankruptcy lawyer to make sure your business will not be affected by a personal bankruptcy.. If you own a small business and you are considering filing a bankruptcy, contact Levitt & Slafkes, P.C., to obtain advice you can depend upon.

We are bankruptcy lawyers who know how to make a difference in your financial situation. We have experience you can rely on and we care about your results. Contact our New Jersey law firm online by filling out the form or by calling 973-323-2953 to schedule a free initial consultation.

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