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Bankruptcy & Workouts

Financial Solutions That Make Sense for Your Future

Many people associate bankruptcy with financial turmoil and uncertainty.

But by partnering with the attorneys at Guidant, you’re given a clear pathway forward that considers your individual circumstances and goals, plus an adviser you can trust. Bankruptcy, at its core, is a valuable financial resource that allows individuals and businesses to move forward – without all of the debt holding them back. We are attuned to the complexities of the bankruptcy code and have advised both businesses and individuals, debtors and creditors, securing efficient and beneficial financial resolutions.

Our expertise focuses on all phases of commercial and consumer debt workout and bankruptcy services including:

  • Chapter 11 reorganization
  • Chapter 7 liquidation
  • Financial workout negotiation
  • Creditors’ rights
  • Bankruptcy-related tax issues

Bankruptcy is a complex legal process – and can be stressful for all parties involved. Our attorneys provide support from start to finish, helping our clients retain as many of their assets as possible, maximize recovery, and take on next steps with confidence.

Bankruptcy was designed to give people and businesses a fresh start following serious financial troubles. People and businesses who declare bankruptcy often have debt that significantly outweighs their income, and they are unable to generate enough income to pay off the debt in a timely manner. Once a person or business declares bankruptcy, creditors are prohibited from filing or proceeding with a lawsuit against them.

Creditors’ rights are protections for creditors that provide loans to individuals or businesses, ensuring they get as much of the money they are owed as possible. An attorney can help creditors find ways to get their loan back, facilitate negotiations, and provide guidance throughout this process.

A non-bankruptcy workout is another option to settle a debt between a creditor and a debtor. These are voluntary, mutually negotiated agreements – without requiring the debtor to file for bankruptcy. Some workouts result in the debtor paying back part of the loan over a period of time or in a lump sum.