Experienced In Commercial Debt Restructuring
If your business in Louisiana has been forced into insolvency due to the current economic climate or a cumulative effect of the changing economy, filing Chapter 11 or Chapter 13 bankruptcy may be your most appropriate option for protecting yourself from creditors. Maximizing your protection is critical as you restructure your debts for continuing business or have decided to close permanently.
Knowledgeable, Experienced And Focused On Your Success
Gibson Law Partners, LLC, is recognized as one of Louisiana’s most trusted commercial law firms, with decades of experience representing business owners in HIGH-STAKES litigation matters, our attorneys are ready to guide you through the process to protect your rights and financial interests.
Contact us to discuss your need for debt-restructuring or relief through one of the commercial bankruptcy chapters available, including:
Chapter 11 bankruptcy: This reorganization bankruptcy protects your business assets from creditors through a restructured, court-supervised plan. We work with your creditors to determine a workable plan that allows you to rebuild your business and emerge from bankruptcy free of debt encumbrance originally set up under the plan.
Subchapter 5 bankruptcy: Instituted as part of the Coronavirus Aid, Relief and Economic Securities (CARES) Act, this gives small businesses directly impacted by the COVID-19 pandemic a lower-cost and expedient means to file for debt reorganization under Chapter 11 of the Bankruptcy Code.
Chapter 13 bankruptcy: If your business is operated as a sole proprietorship, you can take advantage of a debt restructuring plan. Chapter 13 is often used by individual consumers for personal debt relief but can apply to small business owners to protect personal assets from creditor seizure.