Los Angeles Bankruptcy Attorney

California Asset Liquidation Avoidance

Filing for bankruptcy does not always mean loss of ownership or control ofa business.

The Law Firm of Peter M. Lively can sometimes develop strategies that enable a business owner to retain ownership and control of the firm, while the business finances are reorganized. The business owner can then end up with a financially healthy operation with significantly less or even no debt.

In a workout situation, we will:

• analyze the situation
• devise the best strategy
• negotiate settlements with creditors, which reduce the amount of debt and payment periods
• coordinate settlement actions and paperwork

Bankruptcy law is complex and you need an attorney who knows California. Asset liquidation avoidance and restoration of financial stability is our goal. Put our years of experience to work for you.

In situations where the business finances are sufficiently weak to justify filing for bankruptcy but where a viable business operation still exists, we can also help. In this situation we devise a legal strategy where the company files for Chapter 7 bankruptcy, but then the owner of the business reacquires the company.

Remember, bankruptcy is not the end of your financial life. In many ways it is a new beginning – a fresh start.

Peter M. Lively has helped thousands of clients start new financial lives. Call us today at (310)899-0630 or contact us online to set up an initial consultation.

We can help you start a new financial life.