Chapter 7 Corporate Bankruptcy Attorneys in Pompano Beach
Working for Our Clients from Offices in Pompano Beach & Miami
Like individual debtors, businesses and corporations can file for bankruptcy when debts become overwhelming. However, personal and business bankruptcies are governed by different procedures and rules.
If you are a business owner who needs to file for Chapter 7 bankruptcy on business debts, our attorneys can help you. At Bilu Law, we are deeply knowledgeable and experienced in many aspects of bankruptcy law. We can help you wipe away debts and obtain a fresh financial start.
Call Bilu Law today at (954) 239-7386 or contact us online to schedule a consultation!
Why Choose Bilu Law?
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Decades of ProficiencyWith two decades of dedicated service, we've assisted countless clients with their legal needs, covering 67 counties in Florida.
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Swift and AccessibleOffering seasoned legal guidance, our attorneys respond promptly and are easily accessible when you require their expertise.
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Hablamos EspañolOur proficient team, including Spanish speakers, ensures that you fully comprehend the intricacies of your case.
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Global Legal ExpertiseWe are proud members of an international law firm network, enabling us to provide assistance to clients nationally and worldwide.
Filing for Chapter 7 as a Business
Just like for a personal bankruptcy, Chapter 7 corporate bankruptcy is a liquidation process. A private trustee is appointed to gather a debtor’s non-exempt assets and sell them to repay creditors a portion of what is owed. However, the assets in this case are those involved with the business.
The debtor, which is the business filing for bankruptcy, will turn over all operations and assets of the business to the appointed trustee immediately upon filing. The private trustee will gather the assets for sale to pay the creditors. The trustee will bring whatever actions are necessary to recover assets of the debtor.
Hear From Our Happy Clients
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"They cared about their clients."
I'm honored to leave Bilu Law this great review. After calling many lawyers in Florida about a real estate issue, I felt Bilu Law genuinely cared. They listened, asked the right questions, and made my desired outcome their priority. The cost was reasonable, and their dedication was relentless.- Carlos -
"Willing to fight when others gave up."
Bilu Law and their associates were willing to fight for me when other firms wanted to throw in the towel. Their professionalism and dedication resulted in the best outcome I could ask for. I highly recommend this firm. Many thanks to all.- Emporio -
"Highly recommend for legal matters."
Bilu Law advised and completed my Trust paperwork to my satisfaction. The team consistently delivers, even during Covid-19. Calls are quickly returned, and there's a warm atmosphere. Highly recommend for settling legal matters.- Aldith -
""Choosing this law firm was the best decision I have ever made.""
"I had the pleasure of working with Ron Bilu and his assistant Andrea. Choosing this law firm was the best decision I have ever made. Both Ron and Andrea were with me every step of the way and were very kind, helpful, and knowledgeable. In the end i was very pleased with the results and would recommend his services to anyone in need of a great real estate attorney. Thankyou so much Ron!"- Doris -
""They are professional, aggressive and the keep us informed of progress of our cases.""
"Our firm has engaged Ron Bilu and Nick Rossoletti and their amazing team of effective legal professionals for a variety of litigation matters and they are professional, aggressive and the keep us informed of progress of our cases. Their experience and knowledge of the law combined with a results oriented approach has helped our bottom line."- Jeffrey -
""ABSOLUTELY AMAZINGGGGGG!!!!!!!!!""
"ABSOLUTELY AMAZINGGGGGG!!!!!!!!! Ron Bilu and Andrea Valencia helped me beyond what I expected! They listen carefully to you and will fight for you till the wheels fall off! My outcome was beyond what I had imagined and it is all thanks to them backing me up and doing what they do best! I cannot express into words how much I strongly recommend this law firm to anyone who is facing the issues I had! Like I said, absolutely amazinggggg at what they do!!!!!"- Marlin
Should I File for Chapter 7 Corporate Bankruptcy?
Not every corporation is a fit for Chapter 7. In a Chapter7 filing, the corporation will cease all operations, with the exception of those actions necessary for the private trustee to gather the assets for distribution to creditors. If you wish to continue operation your business, other forms of business bankruptcy may be preferable, such as a corporate Chapter 11.
As with all bankruptcies, it is the best practice to speak to an experienced bankruptcy practitioner about filing a Chapter 7 prior to moving forward. The professionals at Bilu Law are here to guide you through this process to help your business get the fresh start that you deserve.
Call Bilu Law today at (954) 239-7386 or contact us online to schedule a consultation!
