Maine Bankruptcy and Re-Organization for Businesses

I have been assisting Maine businesses and corporations through bankruptcy for over 20 years. On the surface, business debt can diminish your ability to operate effectively and draw the harassment of credit agencies. Often, the problems run deeper and business debt can affect your personal financial situation. My practice is here to help your business find a new financial life and minimize the impact of business debt on your personal financial situation. If your small business or corporation is experiencing financial turmoil, please schedule an appointment to discuss your options.

Situations Causing Financial Distress

In Maine's current economic environment, there are many reasons that some businesses find themselves under significant debt. Often, work that was once centered in Maine has been outsourced out-of-state or overseas. Similarly, industries that were once prosperous may have simply been impacted by the general economic downturn of the last few years. Other, extremely frustrating causes of financial distress include: unpaid services rendered, embezzlement or employee theft, and unexpected tax debt. Regardless of your path into debt, you and your business will require experienced help to move past your credit past and begin a new financial route.

Bankruptcy Solutions for Businesses

Chapter 7- Liquidation

• If your business can no longer continue as an enterprise, liquidation may be the only way to move past the burden of debt
• Read More

Chapter 13- Reorganization for Sole Proprietorships

• For financially viable businesses that are experiencing hardships
• Together, we will establish a 3- to 5-year plan to lift your business out of its debts
• I have also "disincorporated" small businesses, turning closely held corporations into sole proprietorships, enabling a lower-cost Chapter 13
• My article the Reorganization of a Business in Chapter 13 helps define the requirements for a business to continue sucessful operation within a reorganization.
• Read More

Chapter 11- Reorganization for Corporations

• I have assisted some small corporations with Chapter 11 debt reorganizations, although larger corporations should seek a firm dedicated to their substantial needs
• Read my most recent article on Chapter 11 for Small Businesses (November, 2006)
• I have also "disincorporated" small businesses, turning closely held corporations into sole proprietorships, enabling a lower-cost Chapter 13
• Read More

Schedule an Appointment

If you want to create a solution for your business debt crisis, please schedule an appointment to meet with me. I have been evaluating financial distress and bankruptcy options with Maine businesses for over 20 years, and my practice will fight to restore your financial solvency and business future.