Individuals are not the only ones affected when the economy has been in a slump for years;

small businesses and corporations are affected as well.  Is bankruptcy your only option?  As Los Angeles corporate attorneys, we realize that regardless of how good a service or product may be, there are many external factors that affect whether ultimately a business or corporation succeeds or fails; the economy is definitely one of those factors.

Should your file chapter 11 or chapter 7 bankruptcy?  An experienced and knowledgeable lawyer can analyze your situation and work to determine all of the possible options.  There are many situations in which a corporation may be able to survive bankruptcy, whether the failure was caused primarily due to poor business management and/or decisions, or cash flow issues which can be attributed to declines in revenue, something very common in down economic times.

Regardless of the cause, a Los Angeles business bankruptcy lawyer can help.  However, it is critical that you choose the right attorney for the best possible resolution.  Here are a few questions you should ask before making your final decision:

• Ÿ  How long has the firm and/or its partners practiced bankruptcy law?
• Ÿ  Are the attorneys well respected by their peers?
• Ÿ  How many corporate bankruptcies has the firm handled, and what were the results?
• Ÿ  Are the lawyers with the firm (or at least some of them) Board Certified Specialists in Bankruptcy Law?

Do a bit of research on the lawyer or firm you are considering, and set up a consultation.  You can often get a good feel for the competency of an attorney by simply discussing your situation, and analyzing the response you get to your questions.  A consultation also gives you an opportunity to see how well the ‘fit’ is between you and your attorney, and if you feel comfortable.

When it comes to business matters, financial issues and restructuring debt are some of the most complex problems you may encounter.  Regardless of how complicated your situation may be, our Los Angeles corporate lawyers possess the experience and required knowledge to resolve it.  Contact the Law Offices of Spotora & Associates today for unsurpassed legal guidance and support.