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Can a business file Chapter 7 bankruptcy?

Yes, Chapter 7 of the U.S. Bankruptcy Code offers bankruptcy protection to both individuals and businesses. Chapter 7 is a liquidation bankruptcy, meaning that the business entering bankruptcy will sell off its assets in order to pay back outstanding debts. Assets may include any remaining products, equipment, and intellectual property rights, to name a few.

If you are a business owner and are considering closing your business and filing Chapter 7 bankruptcy, we can help. Contact Somerset Chapter 7 bankruptcy lawyer Francisco G. Harrison, PLC, today at 337-261-8800.

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"I want to thank Francisco for the great job he did in representing me in my bankruptcy case. Declaring bankruptcy was my last resort. But now, I can now breathe again without worrying about who is trying to sue me. I appreciate all his efforts and recommend him highly."

D.B. Breaux Bridge,
$20,000 in debts discharged

"The decision to file bankruptcy was one of the most difficult of my life. I was at a dead end. But things are much better now. Francisco Harrison was sensitive and very helpful, and actually made the process pretty easy. I highly recommend him to anyone facing with financial difficulties."

A.A. and K.A., Duson,
+$250,000 in debts discharged