Mississippi Bankruptcy Attorney For Businesses And Families during COVID-19
The coronavirus epidemic has shone a bright light on the unstable financial situations facing many Americans. With stocks tanking, businesses being shuttered and workers being laid off, there is little doubt that people will be hurting from the financial consequences of the pandemic long after we have a vaccine and treatment for the virus.
As you come to grips with your financial outlook it is important to understand all of your options for protecting your assets and your future. Bankruptcy protection is an important option to consider if you are facing low cash flow, missed payments, and other financial complications. At Hearn Law Firm, PLLC we offer guidance from experienced attorneys who can educate you on your options and create a strategy for protecting your rights and achieving a fresh start .
Bankruptcy For Businesses
Chapter 11 is the most common form of bankruptcy used by businesses. It allows businesses to reorganize their business affairs, debts, and assets with the goal of emerging more financially stable upon the conclusion of the bankruptcy process. Chapter 11 allows a business to safeguard company assets while negotiating more favorable terms with their creditors. It can also be utilized to make a company more attractive to potential buyers prior to a sale or even to facilitate an orderly liquidation. No matter the specific of your situation, Chapter 11 can be used to protect your business from creditors and move toward a better future .
Bankruptcy For Individuals
Chapter 13 bankruptcy is a great way to help people catch up on house or car payments. It facilitates the creation of a manageable repayment plan while providing protection from repossession, foreclosure, and wage garnishment. If you are facing foreclosure or being threatened with the repossession of your car, you can rely on Hearn Law to negotiate a plan that allows you to get caught up and see a light at the end of this tunnel .
Extreme financial distress may call for Chapter 7. For example, a person struggling with medical bills or credit card debt may lack the income to make a Chapter 13 repayment work. With Chapter 7 bankruptcy, you can eliminate your unsecured debts and get a clean slate. We can help you determine which course of action is best for you based on your unique circumstances and goals .
You Will Get Through This And We Can Help
This too shall pass. With our help you can protect your rights and improve your financial outlook via the bankruptcy process. Contact us today to schedule a consultation .We can be reached 24 hours a day, 7 days a week by calling 601-720-3541.