Business Bankruptcy

The law team at Canterbury Law Group has successfully represented debtors, creditors, trustees and committees in multifaceted business bankruptcy cases throughout Arizona, California, Nevada, and New York.

Bankruptcy allows a company to efficiently sell assets or to liquidate in a controlled manner. Just like any other business strategy, bankruptcy should be considered early enough to be a viable strategy to preserve the business’s assets and help it continue as a going concern. Bankruptcy can also be an important tool for assisting in an orderly wind down and liquidation of a business and its assets. In addition to the some of the strategic benefits, liquidating through bankruptcy can provide numerous benefits over merely dissolving your entity.

When you decide that business bankruptcy is your only option, a lot is at stake – including your personal financial health as well as your reputation and your business relationships. Bankruptcy is never good news but an experienced and attentive legal team will assist you in negotiating business bankruptcy in a way that satisfies all parties involved. Bankruptcy can eliminate a company’s debt as well as provide a business with the opportunity to reorganize and reclaim a fresh start. Business bankruptcy laws can be complicated; however, easier bankruptcy proceedings exist for farming and fishing businesses, and special laws allow U.S. and foreign bankruptcy courts to work together when an international business files bankruptcy. Plus, the facts of each case tend to be delicate and unique, which is why you need an experienced and trusted Phoenix bankruptcy lawyer.