Leavengood, Dauval & Boyle, P.A. Articles Business Making a Come Back after Bankruptcy Filing

Business Making a Come Back after Bankruptcy Filing

By Leavengood, Dauval & Boyle, P.A  Jul. 13, 2012 9:18a

A St. Petersburg boat manufacturer and its parent company recently filed for Chapter 11 bankruptcy protection but business seems to be doing well now. Other manufacturers under the parent company were forced to close shop in the face of hard economic times. The local Hunter Marine Corp, however, has been able to re-group and expand with the help of business reorganization under Chapter 11. The company is enjoying a high demand for their products and more sail boat dealerships are signing up to sell their line. Additional dealers in St. Petersburg and New York will be representing Hunter's line of high quality watercraft. The manufacturer offers a variety of small boats ideal for towing as well as larger keelboats. The two dealers will be selling Hunters small boats and 27 foot to 50 foot keelboats. If your company is struggling and you are facing the possibility of having to shut your business down then speak with a bankruptcy lawyer as soon as you can. Find out what options you have.

Could Chapter 11 bankruptcy protection help your corporation?

Businesses have several options when it comes to bankruptcy including Chapter 7 and Chapter 11. In a Chapter 11 filing, the debts of the company are reorganized so that creditors can be paid off in a manner that is manageable for the company. Business can continue being conducted while this process is occurring. In a Chapter 7, all of the business's assets are liquidated and the proceeds go to creditors. Clearly, this second option makes it difficult for a company or corporation to continue operating but it is the right choice in certain circumstances.

Speak with a Commercial Bankruptcy Attorney Today

Filing for bankruptcy is never an easy decision but in some cases it is the right one. Businesses filing for bankruptcy protection must get the help of a commercial bankruptcy lawyer according to bankruptcy laws. At the law offices of Leavengood, Dauval & Boyle, P.A we work hard on our client's behalf to help them achieve their financial goals. Today's economy is tough and we understand how difficult it can be to stay on top of things. Call our law offices today to find out what we may be able to do for you and your business. We are dedicated to helping individuals, businesses, corporations and other companies get on the road to a brighter financial future. There is no charge for the initial consultation!

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