The number of bankruptcy filings have increased across the U.S. over the past year, and many business owners are worrying what might happen if filing becomes unavoidable. With long-term legal and financial outcomes, business owners want to ensure they are strategically determining next steps in their company’s and family’s well-being.
In his latest article for the Phoenix Business Journal’s Leadership Trust, Lamar Hawkins shared considerations for business owners undergoing bankruptcy as well as alternatives to consider prior to filing. He also broke down the different types of bankruptcy and explain how business owners can determine which one is appropriate in various scenarios.
Chair of the Arizona Board of Legal Specialization’s Bankruptcy Law Advisory Commission, Lamar is one of the leading voices in Arizona for bankruptcy law. His practice focuses on all phases of debt workout and bankruptcy services, including Chapter 11 and Subchapter V 11 reorganization, Chapter 7 liquidation, financial workout negotiation and creditors’ rights. He is recognized by Southwest Super Lawyers as well as Best Lawyers in America©.