Bankruptcy—A fresh start. Breathing room. Peace of mind. These are not the first things that come to mind when people hear the word “Bankruptcy.” It’s common for both debtors and creditors to fear bankruptcy. Going bankrupt carries with it a stigma of unpaid debts and financial ruin. Creditors fear they will not be paid.

The truth, however, is that while both debtors and creditors have reason to be apprehensive about insolvency, bankruptcy is also a way for creditors to be paid to the greatest extent possible, and to move the debtor out of insolvency in an organized fashion.

For that reason, bankruptcy can also be seen as a process that gives the debtor breathing room to reorganize and a chance at a new beginning, while providing the creditor assurances that the creditor’s right to repayment will
remain central to the debtor’s reorganization.

 

Whether your business is facing unmanageable debts, or is facing a lawsuit in Bankruptcy Court, or you are a business owner or individual debtor in need of help, Nichani Law Firm provides the high-caliber solutions and exceptional service of a boutique firm with a deep focus on bankruptcy restructuring and litigation.