
Los Angeles Chapter 7 Business Bankruptcy Lawyer
Understanding Chapter 7 Bankruptcy for Your Business
If you are a small business owner who faces mounting business debt and cash flow problems, RHM LAW LLP may be able to help you with debt relief for business owners.
We are an experienced bankruptcy firm that has enabled many individuals and business owners in the Los Angeles area to obtain debt relief. Many of the business owners we have worked with have been able to keep their businesses. In these cases, we lifted their debts while protecting their personal property. In the end, our clients were able to gain financial breathing room and put their businesses on firm financial ground.
To schedule a 30-minute complimentary consultation, simply contact our Los Angeles Chapter 7 bankruptcy attorneys today. RHM LAW LLP wants to help you take control of your financial future.
Key Advantages of Chapter 7 Debt Relief for Businesses
In a 30-minute complimentary consultation, an attorney at RHM LAW LLP can discuss your financial situation and recommend the best option. For some small business owners, it may mean filing as an individual under Chapter 13. For others, it may mean a Chapter 7 filing.
Filing for Chapter 7 can provide several benefits for businesses:
- As soon as we file, debt collection actions against you stop. This can include repossession of properties and constant creditor harassment for debt collection.
- Working with the court, we develop a plan designed to eliminate your debts. Debts such as back rent, personal loans, and debts to suppliers and vendors can be eliminated.
However, there are certainly risks that come with filing for Chapter 7 for businesses. We can help you weigh your options and determine whether Chapter 7 is right for your business situation.
Will I Be Able to Keep My Business After Filing for Chapter 7?
Each business bankruptcy is different. In some cases, the Court will order a complete liquidation of the business. In other cases, however, the business owner can retain control of the business or its assets. If you obtain business debt relief through Chapter 7, you can continue to operate your business.
A lawyer at RHM LAW LLP can examine your situation and discuss your options with you. We will do everything possible to allow you to keep your business.
Businesses in Los Angeles Choose Us for Chapter 7 Bankruptcy
Our Los Angeles Chapter 7 bankruptcy attorneys have worked with businesses of many types. Whether you are a sole owner, a member of a limited partnership, or a principal shareholder in a small business, we can provide you with the advice and representation that’s right for you.
For a 30-minute complimentary consultation with RHM LAW LLP, give us a call at (213) 344-0043. Our firm serves clients in the Los Angeles area and San Fernando Valley through offices in Encino and Los Angeles.

RHM LAW LLP
Meet Our Los Angeles Bankruptcy Specialists
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M. Jonathan Hayes Senior Counsel
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Matt D. Resnik | Partner Partner
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Roksana D. Moradi-Brovia | Partner Partner
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Russell J. Stong III | Associate Attorney Senior Associate Attorney, Los Angeles Office
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W. Sloan Youkstetter | Associate Attorney Senior Associate Attorney, Los Angeles Office
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David M. Kritzer Senior Associate Attorney, Encino Office

Client Reviews
What Clients Say About Working With Us
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Matt is the best bankruptcy attorney in Sherman Oaks. I consulted with Matt over a chapter 7 bankruptcy. I had issues with overwhelming credit card debt after Chase increased it's APR for no reason. It set off a chain of events that were really hurting me. He made me feel like I had options, all was not lost, and I could rebuild my credit after the 7. I had some concerns about a piece of property I was having issues with and Matt also turned out to be a real estate lawyer as well! I recommend this office to anyone who is unsure of their financial situation. It doesn't hurt to find out your options.- Max B.
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Fantastic office! I want to thank Matt for taking his time with me and sincere in his assistance. He spent over an hour with me for free during our initial consult. I left knowing exactly what's needed. He not only saved my house but also got rid of all my debt. They are not your typical attorneys and their creativity really allowed me to do things that other attorneys never mentioned in previous consults. Affordable and Outstanding firm and thank you for all you have done! My family thanks you!- David K.
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This is to thank you for the exceptional work of you and your fine staff. In managing my bankruptcy and loan modification, a nearly five-year effort, your performance was stellar. I never felt alone or adrift, key concerns in those circumstances. The outcome was outstanding. As the dank blanket of economic uncertainty continues to depress the hopes of many of us, I keep your business cards and number available for others. Without hyperbole, I can attest that you are present a beacon. Thank you so much.- K.C.
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Was very impressed with the comprehensive professionalism of the firm, especially Matthew Resnik... I had suffered through the incompetence of two previous bk lawyers not to mention fees far greater than anticipated, without resolution. Having never gone through bk before, I did not realize how difficult it could be...then, my case was turned over to Mr. Resnik...almost immediately there was a marked positive difference. Where there was little to no communication, all of a sudden I am getting updates...regularly. Further, my case was finally discharged...yet, Mr. Resnik continues to communicate, offer assistance...and, has NEVER asked for additional fees, which I am sure he could have justified...much unlike the two previous attorneys with which I was dealing. I have no reservations, whatsoever, referring and recommending Matthew Resnik for any and all business or personal bk issues...or, other wise. I have no doubt that he will be transparent on helping you regardless of the problem. Good guy.. good firm... a wonderful experience!
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Dear Mr. Resnik: We wanted to thank you for your professional handling of our loan modification with GMAC mortgage. We are very happy that you were able to accomplish the modification of our loan in such a short period of time. Thank you again for your professional service.
- W and B Mejia -
Matt and his team are the best!! They were thorough, extremely knowledgeable, wonderful to deal with, thoughtful, and really helped guide me through what was one of the toughest times in my life. I never felt judged or looked down on. They were efficient and really were lifesavers during this tough time. I can not recommend them highly enough!!!!- Rusty H.
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Where to begin? I had a vile evil credit union repo my car over a misunderstanding, they wouldn't work with me even when I offered full payment plus repo fees (this was my first repo!) so I didn't know what to do. I met with a few lawyers but when I met with Simon he broke things down and gave me my options. I needed a car - so I filed BK and included the car to get it back. The evil credit union fought and Simon GOT ME MY CAR BACK!!! His team is amazing!!!! Maria Donna etc!!! These are top-notch pros that'll have your back. I cannot recommend them highly enough. Sincerely they saved my life. LA with no car!? ARGH!!!!!! *THANX ALL!!!!- Tim C.
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I worked with David Kritzer at this firm, and he was great. He negotiated on my behalf with a credit card company and was able to settle with them for much lower than I could have on my own thanks to his knowledge and expertise in the field. If you have a debtor on your back go to him to get it taken care of.- Kelly S.
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I worked with Matt and his team for about a year to get through the paperwork shuffle and my personal experience was nothing short of fantastic. Legal situations have a tendency to get hairy, but Matt and his staff conducted themselves with professionalism throughout the whole ordeal. To keep it short, let's just say he under-promised and over-delivered. Rarely would I ever say this about an attorney, but overall he was just a great guy. I would not hesitate to have him on my side of the courtroom again. World market is right across the street from his office and I even decided to get his staff a thank you / holiday gift card. World market has excellent craft beer BTW, try the Einstock White Ale. They also validate parking. That just shows this isn't a fake review.- Dean C.

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A Summary of Bankruptcy Law: Third Edition
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Summary of Chapter 13