Businesses get in financial trouble for numerous reasons: natural disasters, theft, changes in macro or micro economies, etc. The Firm sees bankruptcy and out-of-court settlements as options to save your business when these financial stresses arise. In addition, we recommend that all business owners, even if they are not in financial trouble, have a comprehensive review of their financial documents to see what risks exists if there were to be financial trouble. Frequently, loan documents and other contracts include terms that make the business owner liable for the debts of the business.
The majority of the Firm's work involves negotiating settlements with creditors to avoid filing a client into bankruptcy. In order to decide if your situation is suited to this type of service, the Markham Law Firm will conduct a comprehensive review of your financial situation to determine if a settlement is even possible.
The Firm represents Debtors, family members, affiliated companies and other related parties in various types of bankruptcy litigation. This includes: preferences, non-dischargeability, avoidance of discharge, motions for relief from the automatic stay, and other causes of action.
The Markham Law Firm represents individuals throughout the state in Chapter 7, 11, and 13 bankruptcies. In addition to providing services in the bankruptcy court, the Firm also provides help with foreclosure and collection defense. As part of these services the Firm often represents individuals with business debt that they have personally guaranteed.