Is Chapter 7 right for your business?
In some cases filing Chapter 7 for an insolvent business is the best way to bring an end to the stress endured by the owners. The filing of the Chapter 7 puts an end to the active business operation, and the business becomes a collection of assets to be liquidated by the Chaper 7 Trustee. In the alternative, we can advise you as to the wind down of a business without filing bankruptcy.