Chapter 7 in Casa Grande, AZ presents you with an opportunity to settle your debts amicably through liquidation. As a business owner, this is advantageous chance to eliminate debts that have accumulated and present a probability of complication in terms of operating your company. Through liquidation, you sell off properties associated with your business to generate an adequate level of funds to pay off these debts through a trustee. To acquire this opportunity today, call Asheton B. Call, Attorney at Law.
Stipulations of Chapter 7
In Chapter 7 bankruptcy, you are required to sell properties and assets to produce enough funds to settle your debts. The judge assigns a trustee to manage the funds generated from these sales. He or she receives all of the proceeds and distributes them as stipulated within your bankruptcy case. In some cases, you are required to shut down your business until this case is concluded. If this is the case, the judge provides restrictions during your bankruptcy hearing and introduces you to the assigned trustee.
Local Bankruptcy Attorney
Asheton B. Call, Attorney at Law provides you with a fighting chance to save your company from harmful litigation. Through bankruptcy, you acquire the opportunity to settle your debts through liquidation. These attorneys present you with this option to generate funds needed to settle your debt based on the value of the properties or assets as well as the overall balance of your debts. They provide you with guidance through this process to assist you in comprehending what is expected. To hire an attorney today and begin the bankruptcy process, call Asheton B. Call or Click Here to visit the website.
Summary
With Chapter 7 in Casa Grande, AZ, you enter liquidation which requires that you sell specific properties or assets to produce funds to settle your debts. This option is available for business owners who are significantly in debt. During this process, the judge assigns a trustee to your case to oversee the sale of your properties and assets. This trustee manages the distribution of these funds to your creditors to eliminate these debts. When you are ready to begin this process contact Asheton B. Call today.
