During these tough economic times, businesses and individuals are being forced to make difficult financial decisions. Ellsworth & Bennion has the knowledge and experience necessary to assist its clients in overcoming their financial difficulties through a variety of options, one of which is bankruptcy.
There are a lot of misconceptions about benefits and consequences of bankruptcy. If used correctly, bankruptcy is a valuable business tool that can extinguish debts and legal judgments, stop collection actions, and save your home. In some cases bankruptcy can even improve your credit and make you a more attractive candidate to lenders. The truth is, the consequences of bankruptcy are often temporary and less severe than for those who choose not to file.
If you or your business is facing overwhelming financial difficulty, we will meet with you to determine whether bankruptcy is right for you. We will explain the differences between Chapter 7, 11, and 13 bankruptcies, suggest any other options you may have, and set you or your business back on the path to success.