Fort Smith Lawyers Assisting Arkansas Businesses with the Bankruptcy Process
Helping you keep your business afloat during tough times
When your business falls into major debt, it’s important to begin working with a business bankruptcy attorney. With more than 40 years of combined legal experience, the attorneys at The Law Offices of Craig L. Cook understand bankruptcy law and help businesses restructure their debt and remain in operation. We have a reputation throughout Arkansas for providing businesses with affordable, helpful service in their most difficult times. Trust in us to secure the future of your company and allow you to get back to focusing on other important aspects of your business.
Counsel for companies in need of financial guidance
The most common form of business bankruptcy is Chapter 11. The structure and benefits of Chapter 11 are rather similar to Chapter 13 in that you retain control over the possessions and property of your company and restructure your debts with a repayment plan. The attorneys at The Law Offices of Craig L. Cook analyze your business’s debts and assets, helping you determine the best course of action in forming these plans.
Some of the other benefits of filing for business bankruptcy include:
- No foreclosure. Creditors often want to avoid the foreclosure process just as much as businesses and individuals do. It’s a costly, time-consuming process on both sides and is generally used as a last resort. Under Chapter 11 bankruptcy, you do not have to worry about foreclosure and you retain control of your properties and assets.
- Debt clearance. Under Chapter 11 and other forms of business bankruptcy, every one of your debts is dischargeable. This means that you can clear any debts from rent, mortgages, loans, taxes or any other expenses incurred by your business.
- Your business keeps running. With our assistance, you don’t have to worry about shutting down your business. Once you create your repayment plan, you can focus on rebuilding the financial standing of your company and get back to growing the business you’ve worked so hard to build.
Above all, we aim to keep you at ease and comfortable throughout the process of filing for bankruptcy on behalf of your company.
Stabilize your business today with the aid of an Arkansas or Oklahoma bankruptcy lawyer
When your business requires the assistance of a bankruptcy attorney, call The Law Offices of Craig L. Cook at 479-222-1705 or contact us online to schedule a free consultation. We offer flexible office hours at our three locations to serve you more conveniently. Trust in us to help your business navigate through its financial challenges.