BUSINESS BANKRUPTCY ATTORNEYS IN CORONA DEL MAR CA
Facing financial challenges in your business can be overwhelming. You’re not alone – countless businesses in Corona Del Mar and across Southern California struggle with debt and financial instability. But there is hope. With the guidance of experienced business bankruptcy attorneys, you can navigate the complex world of bankruptcy and create a fresh financial start for your business.
Our team of skilled bankruptcy lawyers in Corona Del Mar has helped countless businesses restructure their debts, avoid liquidation, and emerge stronger on the other side. We understand the unique challenges facing small businesses in today’s economy, and we’re here to provide tailored legal guidance to help you achieve financial stability.
FLP Law firm has received the highest possible rating of “AV” for both quality and integrity from the authoritative Martindale Hubbell listing of law firms and attorneys.
How It Works: Our 4-Step Process to Resolve Your Debt Concerns
Here’s an explanation of a 4-step process to resolve debt concerns:
- Step 1: Initial Consultation – We start with a comprehensive consultation to understand your debt situation, financial goals, and business operations. This allows us to develop a tailored strategy to address your debt concerns.
- Step 2: Debt Analysis – We conduct a thorough analysis of your debts, including reviewing all loan documents, credit agreements, and other financial records. This helps us identify the best approach to resolve your debts, whether through debt restructuring, settlement, or bankruptcy.
- Step 3: Debt Resolution Strategy – Based on our analysis, we develop a customized debt resolution strategy. This may involve negotiating with creditors to restructure your debts, pursuing debt settlement agreements, or filing for bankruptcy. We’ll explain the pros and cons of each approach and help you choose the best path forward.
- Step 4: Debt Resolution Execution – Once we have a strategy in place, we execute the plan to resolve your debts. This may involve negotiating with creditors, filing for bankruptcy, or pursuing other debt relief options. We’ll handle all the legal and administrative tasks, keeping you informed every step of the way.
Our 4-step process is designed to provide a comprehensive and efficient approach to resolving debt concerns. With our guidance, you can achieve financial stability and move forward with confidence. Contact us today to learn more about how we can help you resolve your debt concerns and achieve a fresh financial start.
LOS ANGELES BUSINESS BANKRUPTCY LAWYERS | EXPERT DEBT REORGANIZATION & RELIEF
Are you struggling with overwhelming business debt in Los Angeles? Our experienced business bankruptcy lawyers can help you navigate the complex world of debt reorganization and relief.
Whether you’re facing financial difficulties due to a downturn in the economy, unexpected expenses, or other factors, we’re here to provide tailored legal guidance to help you achieve financial stability and success.
Our team of skilled Los Angeles business bankruptcy lawyers offers comprehensive services to help you resolve your debt concerns, including:
- Debt restructuring and reorganization to create a manageable repayment plan
- Chapter 11 bankruptcy filings to allow your business to continue operating while restructuring debts
- Chapter 7 bankruptcy filings to liquidate assets and discharge debts
- Debt settlement negotiations to reduce your debts to a manageable amount
- Creditors’ rights representation to protect your business’s interests in bankruptcy proceedings
With our expertise in business bankruptcy and debt relief, we can help you achieve a fresh financial start and move forward with confidence. Contact our Los Angeles business bankruptcy lawyers today to schedule a consultation and learn more about how we can help you resolve your debt concerns and achieve financial stability.
Chapter 7
Chapter 11
Our experienced Los Angeles business bankruptcy lawyers can guide you through the Chapter 7 process, providing tailored legal advice and representation to help you achieve debt relief. How We Help with Chapter 7 Bankruptcy:
- Determine Eligibility: We’ll review your business’s financial situation to determine if Chapter 7 bankruptcy is the best option. We’ll explain the eligibility requirements and help you understand the pros and cons of filing for Chapter 7.
- File Bankruptcy Petition: We’ll prepare and file all necessary bankruptcy paperwork, including the bankruptcy petition, schedules, and statement of financial affairs. We’ll ensure all required documents are completed accurately and filed on time.
- Asset Liquidation: If your business has assets that are not exempt, we’ll work with the bankruptcy trustee to liquidate those assets to pay off creditors. We’ll help you understand which assets may be exempt and how the proceeds will be distributed.
- Discharge of Debts: Once the bankruptcy process is complete, your eligible debts will be discharged, providing a fresh financial start for your business. We’ll guide you through the discharge process and help you understand what debts are eligible for discharge.
- Post-Bankruptcy Planning: We’ll help you develop a plan to rebuild your business after bankruptcy. This may include strategies for improving cash flow, managing debt, and avoiding future financial challenges.
Navigating through the complexities of your financial situation can feel overwhelming, but you’re not alone. Our team is dedicated to providing you with comprehensive support tailored to your unique needs. Here’s how we help:
- Personalized Financial Assessments: We start by conducting a thorough analysis of your financial situation, including your debts, assets, and income. This detailed assessment helps us understand your specific challenges and opportunities.
- Strategic Planning: Based on your assessment, we develop a customized plan designed to address your financial concerns. This plan may include strategies for debt consolidation, budgeting, and improving your credit score, among others.
- Legal Guidance: If your situation requires legal intervention, such as filing for bankruptcy under Chapter 11, our team includes experienced legal professionals who can guide you through the process. We ensure you understand all your options and the implications of each, helping you make informed decisions.
- Negotiation with Creditors: We can act on your behalf to negotiate with creditors for more favorable terms, including reduced interest rates, extended payment plans, or even debt forgiveness in some cases.
- Financial Education and Empowerment: We believe in empowering you with the knowledge and tools to manage your finances effectively both now and in the future. Our educational resources cover a wide range of topics, from basic budgeting to investment strategies.
PRACTICE AREAS
Our bankruptcy attorneys in Corona Del Mar represent debtors, creditors, trustees in bankruptcy, and third parties who have been sued by a debtor or bankruptcy trustee or simply have an interest in a bankruptcy case… Read More
We represent plaintiffs and defendants in state or federal court from defending debtors and prosecuting creditor rights on notes, invoices and guarantees (or whenever a creditor is owed … Read More
We advise and help small and mid-sized businesses on pre-incorporation planning, corporate formation, including recommending the best corporate entity to accomplish your objective… Read More
We represent small and mid-sized businesses and individuals in the acquisition and sale and financing of a variety of real estate assets, including retail centers, office… Read More
Insolvency and Loan Workouts:
We Represent debtors and creditors in individual or entity insolvency issues, including troubled businesses or real estate investments. We collaborate with out clients to stategize, negotiate and implement workouts, forbearance agreements, loan modifications and note or asset sales. Where appropriate our services include loan forbearance agreements, reorganization or the orderly liquidation of various types of assets.
Business Bankruptcies:
We represent Debtors in regular Chapter 11 cases or Small Business Reorganization Act (“SBRA”) subchapter V Chapter 11 cases. SBRA is available to those who have 50% or more in business debt and no more than $7,500,000 in liquidated debt and is generally much less expensive than a normal Chapter 11 case as there are no U.S. Trustee’s quarterly fees and no need to file a disclosure statement. In a SBRA case, a trustee is appointed to, among other things, facilitate a plan between the debtor and creditors which could be a reorganization or a liquidating plan. We also represent entities in Chapter 7 liquidations.
Our Chapter 11 debtor services include all aspects of representation from filing the petition and a disclosure statement and plan to obtaining plan confirmation. We also file any necessary applications and motions in the bankruptcy case such as applications to retain professionals for the estate, removing lawsuits to the bankruptcy court, disclosure statements, proposed plans, or any type of motion needed to advance the case toward plan confirmation.
Our creditor representation focuses on protecting a creditor’s lien rights and includes, but is not limited to objecting to: (i) motions to use cash collateral, (ii) critical vendor motions, (iii) Notices of Insider Compensation, (iv) motions to determine value of security, (v) disclosure statements, (vi) chapter 11 plans, and (vii) fee applications. We also defend creditors from any adversary actions for preferences, avoidable transfers, or to determine the validity, priority, and extent of a lien.
Individual Bankruptcies:
We represent debtors seeking to discharge some or all of their debts in Chapter 7. We also defend defendants in adversary proceedings for denial of discharge under 11 U.S.C. §§ 523(a) and 727(a) and any contested matter to be heard in the Bankruptcy Court such as motions for relief from stay or an objection to a claim of exemption.
We represent Debtors in regular Chapter 11 cases or Small Business Reorganization Act (“SBRA”) subchapter V Chapter 11 cases. SBRA is available to those who have 50% or more in business debt and no more than $7,500,000 in liquidated debt and is generally much less expensive than a normal Chapter 11 case as there are no U.S. Trustee’s quarterly fees and no need to file a disclosure statement. In a SBRA case, a trustee is appointed to, among other things, facilitate a plan between the debtor and creditors which could be a reorganization or a liquidating plan.
We represent creditors in all aspects of an individual Chapter 7 case such as filing a proof of claim, defending an objection to a proof of claim, motions for relief from stay, objections to a debtor’s claim of exemption, etc. We also defend creditors from lawsuits filed by Chapter 7 Trustees such as preference actions under 11 U.S.C. § 547 or voidable transfer actions under the Bankruptcy Code or state law.
We also represent Chapter 7 Trustees as counsel for the bankruptcy estate to handle all general matters such as motions to sell the property of the estate, objections to proofs of claim, objections to claims of exemptions, and turnover motions. We also represent Trustees as special counsel by filing adversary matters to recover particular assets for the estate as preferences or voidable transfers.
Bankruptcy Motions:
On behalf of debtors we prosecute or defend the seemingly limitless types of applications and motions that can be filed in a bankruptcy such as motions: (i) for relief from stay (ii) to dismiss or convert the case to a different chapter, (iii) to object to a claim of exemption, (iv) to sell property of the estate, (v) to have the court approve a compromise of a controversy, (vi) to avoid judgment liens, and (vii) to seek a final decree.
Likewise, on behalf of creditors we defend or prosecute Motions to: (i) use cash collateral, (ii) perform bankruptcy Rule 2004 examinations, (iii) seek a turnover orders, (iv) pay critical vendors, (v) use of cash collateral, (vi) subordinate a claim, (vii) to value security and (Viii) many, many others.
We also represent debtors, creditors, trustees, and third parties in special or unique bankruptcy proceedings such as Orders to Show Cause, sanction motions, evidentiary hearings, purchasing assets out of a bankruptcy case, and other unusual motions.
Bankruptcy Adversary Matters:
We defend debtors in adversary proceedings for the denial of a particular debt under (i) 11 U.S.C. § 523(a)(2)(A) (fraud), (ii) § 523(a)(4) (breach of fiduciary duty or embezzlement), (iii) § 523(a)6) (willful and malicious injury), and (iv) for denial of discharge under 11 U.S.C. § 727(a). Frequently, we can also remove a state court lawsuit to the bankruptcy court so that it is heard by the bankruptcy judge that is hearing the debtor’s case which could result in an advantage for the debtor.
We also defend creditor defendants from the debtor and trustee preference actions under 11 U.S.C. § 547(a), voidable transfer actions under 11 U.S.C. § 548, determination of secured status, and the determination of the validity, priority, and extent of liens, among other types of adversary proceedings.
Likewise, we prosecute adversary matters on behalf of debtors and trustees for preference actions under 11 U.S.C. § 547(a), voidable transfer actions under 11 U.S.C. § 548, determination of secured status, and the determination of the validity, priority, and extent of liens, and many other types of adversary proceedings.
Bankruptcy Appeals:
We represent debtors, creditors, trustees and third parties in bankruptcy appeals to the 9th Circuit Court of Appeals Bankruptcy Appellate Panel, or to the United States District Court for the Central District of California. We can prosecute or defend any appeal. Should either the appellant or appellee be unsatisfied with the outcome at the Bankruptcy Appellate Panel or the U.S. District Court, we can then represent the client in a further appeal to the 9th Circuit Court of Appeals.
State and Federal Court Litigation:
We are also active in state and federal court in defending debtors and prosecuting creditor rights on notes, invoices and guarantees (or whenever a creditor is owed money), and defending or enforcing Judgments. These actions include post-judgment enforcement and if necessary voidable transfer actions to recover debtor property improperly transferred to a third party. Frequently, we obtain writs of attachment so the client can have a pre-judgment lien against the debtor’s personal and real property.
We also defend debtors in the collection, alter ego and guarantee actions and represent creditors in the same. We further prosecute and defend limited liability and corporate shareholder disputes.
Corporate Law:
We advise and help small and mid-sized businesses on pre-incorporation planning, corporate formation, including recommending the best corporate entity to accomplish your objectives, share issuance, corporate compliance and securities law issues.
Transactional Law:
We represent small and mid-sized businesses and individuals in transactions such as lease agreements and contracts to help our clients create strong agreements to protect their interests.
Commercial Real Estate Law:
We represent small and mid-sized businesses and individuals in the acquisition and sale and financing of a variety of real estate assets, including retail centers, office buildings, multi-family developments and other commercial properties. Our firm is also adept at resolving liens and other title problems.
WHY HIRE CORONA DEL MAR BUSINESS BANKRUPTCY LAWYERS?
FLP Law Group is a trusted bankruptcy law firm located in Los Angeles, California, with a specific focus on helping businesses in Corona Del Mar file for bankruptcy. Our team of experienced attorneys understands the challenges and complexities of business bankruptcy, and we are dedicated to helping our clients navigate the process with confidence.
At FLP Law Group, we understand that facing financial difficulties can be a stressful and overwhelming experience for any business owner. That’s why we’re here to help. Our team of experienced bankruptcy attorneys has a deep understanding of bankruptcy laws in Corona Del Mar, California and can guide you through every step of the process, from filing for bankruptcy to debt restructuring and negotiation with creditors.
We understand that every business facing financial difficulties has unique circumstances and legal needs. Our goal is to provide personalized attention to our clients and develop strategies that can help them achieve a fresh start. We work closely with our clients to understand their specific situations and goals, and we strive to tailor our legal solutions to their unique needs to the extent possible within the framework of the applicable bankruptcy laws.
Get Legal Assistance From Small Business Bankruptcy Attorneys in Corona Del Mar CA by contacting us.
Corona Del Mar Business Bankruptcy FAQ's
Q: What types of financial situations do you specialize in helping?
A: We specialize in a wide range of financial challenges, from managing high levels of debt and navigating complex bankruptcy proceedings under Chapter 11 to improving credit scores and developing sustainable budgeting strategies.
Q: How soon can I expect to see results from your services?
A: The timeline for results can vary depending on the specifics of your financial situation and the strategies we implement. However, we typically start to see noticeable improvements within the first few months, especially in areas like debt reduction and credit score enhancement.
Q: Do you offer personalized financial plans for each client, or are your solutions one-size-fits-all?
A: Absolutely, we believe in the power of personalized solutions. Each client receives a customized financial plan tailored to their unique needs, goals, and financial circumstances. This ensures that our strategies are as effective as possible.
Q: How do I get started with your services?
A: Getting started is easy. Simply contact us through our website or by phone to schedule a free initial consultation. During this consultation, we’ll discuss your financial situation in detail and outline the next steps to begin your journey towards financial recovery.
CASE RESULTS
United States District Court Affirms Fourth Fee Order After FLP Knocked Out $5 million in Claims
5/23/2022
FLP’s judgment creditor client Remares Global, LLC levied, pre-petition, on about $3,033,215.05 that debtor fraudulently transferred to his irrevocable trust. The trustee asserted Remares was entirely unsecured and that all was property of the bankruptcy estate.
FLP Law Group LLP Recovers 100% Plus Attorney Fees and Interest for Client and Successfully Defends Appeal.
3/18/2022
FLP attorney Alan Forsley obtained an $865,000 judgment, including attorney fees, for its plaintiff client. Forsley then defeated defendant’s motion to vacate the judgment and proceeded to collect 100% of the judgment plus interest and attorney’s fees.
FLP Obtains Individual Debtor Discharge in Contested Chapter 11 Case and removal of $1 million of Judgment Liens Against Her Home
2/14/2022
Debtor’s 2009 Chapter 11 case was closed after consummation of her confirmed plan by prior counsel. Notwithstanding the confirmed plan, two pre-petition law firms each obtained $500,000 judgments against Debtor and recorded liens against her multi-million home.