Chapter 7 Bankruptcy for Small Business Bankruptcy

Minnesota's Bankruptcy Law Firm for More Than 40 Years

Many people have heard that a lengthy and expensive Chapter 11 bankruptcy is the method by which businesses in trouble can pursue debt relief. In fact, Chapter 7 bankruptcy is available for small businesses. At Prescott Pearson & Tande, PA, we have noticed an increase in the number of small business bankruptcies taking place in recent years. Our current struggling economy has put pressure on many previously viable businesses.

With the rise in small business bankruptcies, it is not surprising to see bankruptcy lawyers suddenly coming out of the woodwork, seeking to cash in on the trend. They may see the increase in small business Chapter 7 filings as lucrative opportunities to increase their skill sets.

Do you want to entrust your Chapter 7 small business bankruptcy filing to an attorney who is using your case as a learning tool? Or would you prefer to have the job done by trustworthy professionals? Prescott Pearson & Tande, PA, has been helping Minnesotans find debt relief through Chapter 7 bankruptcy since 1975. We welcome the opportunity to share our experience and knowledge with struggling small business owners.

Is Chapter 7 bankruptcy right for your Minnesota small business? Keep in mind that when you retain Prescott Pearson & Tande, PA, you receive the benefits of our knowledge and experience. When you face the bankruptcy trustee with an attorney of Prescott Pearson & Tande, PA, by your side, you bring to the table the trust that our Minnesota bankruptcy law firm has earned over the years. We know how the trustees interact with small business bankruptcy filers, and they know they can trust our work to conform to the law.

An experienced Chapter 7 small business bankruptcy lawyer at Prescott Pearson & Tande, PA, is available to talk to you at no charge about the most important aspects of your case:

  • Liquidation of inventory
  • Ideal timing with regard to tax liability
  • Different considerations for corporations versus sole proprietorships
  • What to include in the petition
  • How to set up the Chapter 7 bankruptcy process for a small business
  • How to document assets and liabilities to the satisfaction of the bankruptcy trustee

A successful Chapter 7 bankruptcy for a small business involves intricate, detailed planning and execution in the preparation stages. If these things are done right, small business owners may find the debt relief that they seek, and the business failure will become a thing of the past.

"This Is All We Do, and We Do It Well."

Call for a Free Consultation Today

  • Minneapolis-St. Paul Area: 651-968-8096
  • Minnesota Toll Free: 888-366-0827

To learn more about your Minnesota small business debt relief options, call our bankruptcy lawyers or contact us online today. We offer free initial consultations, quality services at competitive rates and effective representation statewide.

We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.