Business Bankruptcy

The decision to file bankruptcy is a difficult one and should not be taken lightly.  It may, however, be the most effective way of salvaging a floundering business.  In a Chapter 11 proceeding, you are able to restructure, consolidate, and even discharge much of the debt, keeping the business operating to emerge from the financial hardship. 

 In a Chapter 7 proceeding, the business owner closes shop and the assets are sold by a trustee. Deciding between these options is a complicated analysis. You will find that  your general counsel has a unique qualification in these matters and can help you plan effectively for the best results in either of these.

Several alternatives to filing bankruptcy may also exist for your situation.  We may be able to work with your creditors to develop a reorganization plan prior to filing for bankruptcy and use the proceedings to carry out the plan.  Most creditors would prefer to be paid some of their money rather than none.  

Our Las Vegas Nevada  and Salt Lake City Utah business bankruptcy attorneys can help guide you through the process of deciding whether bankruptcy is the best choice for your business.

 
Blog

Attorneys John Piet and Charles Wright of the law firm Piet & Wright are pleased to announce they are expanding their presence in Las Vegas and Salt Lake City by offering Outsourced General Counsel legal services.

Many businesses today are large enough to face complex business issues but are too small to hire a full-time, in-house attorney. In order to address pressing legal issues as soon as they arise, these businesses have few options and are all too often forced to keep an outside firm on an expensive retainer. These law firms often do not specialize in business matters and their attorneys are either unable or unwilling to get to know an individual business in order to better understand its issues and provide more effective representation.

The law firm of Piet & Wright has the experience and the willingness to be your Outsourced General Counsel. Their attorneys have extensive experience as managers and business owners and can appreciate the challenges facing small businesses in today’s sometimes volatile marketplace. We can help you navigate the choppy waters of business ownership, including formation, banking, employment law, contract disputes, e-commerce, employment matters, financial issues, and any other concern that may arise during the tenure of your business. In addition to legal services, we also provide business plan review and drafting, employee training program development, marketing plan design, and a host of other services. Our firm is large enough to address any issue you have, while being small enough to take a beneficial team approach to solving any problem that comes your way.

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