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Small Business Bankruptcy

Small Business Bankruptcy Attorneys in Los Angeles

Learn More About Your Chapter 7, 11 & 13 Bankruptcy Options 

Small businesses are the heart and soul of the American economy. Small businesses employ many people throughout the country and offer all types of goods and services, touching every kind of industry. However, small businesses have been some of the hardest-hit victims in the recent economic downturn. At RHM LAW LLP, our Los Angeles small business bankruptcy lawyers are committed to helping small businesses through these troubling times. We understand the needs and concerns when small businesses need legal help, especially bankruptcy and debt relief counsel.

In certain situations, a small business can greatly benefit from filing for bankruptcy. Contrary to what you might believe, filing for bankruptcy does not mean the end of the company’s life. Often, by filing for small business bankruptcy, this gives you time to reorganize and retain vital assets. This includes keeping and maintaining the stream of income to keep the business open while consolidating any debt. You can even stop an IRS garnishment or bank levy.

To discuss your small business debt relief options during a 30-minute complimentary consultation, contact us today. We are here to help.

Can Bankruptcy Save Your Business?

RHM LAW LLP represents a wide range of businesses in bankruptcy proceedings, including sole proprietorships, limited liability companies (LLCs), and partnerships. Your debt problems are unique, and our attorneys will work with you to craft a legal strategy that suits your unique needs.

We can help you explore all of the debt relief options available to you, including:

Small business Chapter 7 bankruptcy: Filing for Chapter 7 bankruptcy liquidates business assets to pay off creditors, and generally marks the end of a business. A trustee will be appointed to take over the liquidation process, relieving you of the responsibility of dealing with your creditors.

Small business Chapter 13 bankruptcy: Chapter 13 bankruptcy can protect you from eviction, IRS collections, and other creditor actions while giving you time to get your business back on a stable footing. You get to keep running the operation of the business with the regular income still intact with the added benefit of just one payment to the Chapter 13 Trustee. The Chapter 13 reorganization is substantially more cost-effective than the standard Chapter 11.

Chapter 11 bankruptcy: This business-specific bankruptcy option can help to legally shield you from personal and professional creditors, obtain an injunction to prevent foreclosure, seizure, or forfeiture proceedings, and protect current assets and future earnings. We can also work with you to discharge certain IRS debts and develop and maintain a budget while avoiding layoffs and keeping vendor relationships intact.

We understand that not every business would best be served by filing for bankruptcy. We can help you understand what other debt relief options might fit your situation and help you execute them appropriately. We look at every situation on a case-by-case basis and strongly believe in custom tailoring a solution that best fits your needs.

Do You Need a Bankruptcy Attorney for Small Businesses Restructuring?

Chapter 11 bankruptcy is generally for large corporations and is seldom advisable for small businesses. Whatever debt problems your business is facing, our small business bankruptcy lawyers in Los Angeles will work to help you achieve your legal goals.

For a 30-minute complimentary consultation about filing for bankruptcy with RHM LAW LLP, call us at (213) 344-0043 today. Our offices are open weekdays from 7 a.m. to 7 p.m., and we serve 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

Client Reviews

What Clients Say About Working With Us
    "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."
    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.
    "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."
    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.
    "I cannot thank them enough for helping save my home. I would recommend them for anyone that is thinking about filing for bankruptcy or foreclosure on their home."
    I needed a bankruptcy attorney in Sherman Oaks and found Matt Resnik on Google. He has one of the best-reviewed bankruptcy law firms on Yelp so I decided to check it out his law firm for myself. I quickly found out that they are foreclosure specialists and they could help me with my issue. They made the process very easy for me and laid out my options for me. I cannot thank them enough for helping save my home. I would recommend them for anyone that is thinking about filing for bankruptcy or foreclosure on their home. They are the best bankruptcy law firm in Sherman Oaks.
    - Joseph R.
    "I filed bankruptcy with this firm 3 years ago and found that they are professional, friendly, and compassionate."
    I filed bankruptcy with this firm 3 years ago and found that they are professional, friendly, and compassionate. I also met with their loan modification department. Unfortunately, they were unable to help because of the type of loan that I have. I really appreciated that they did not lie, waste my time, or take my money in an attempt to modify a loan that was not doable. I've since used their firm for a couple of minor issues and found all of the attorneys to be knowledgeable and considerate. Attorneys Simon and Resnik are amazing!
    - Shannon J.
    "Was very impressed with the comprehensive professionalism of the firm..."

    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!

    - G.L
    "These are top-notch pros that'll have your back. I cannot recommend them highly enough."
    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.
    "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."

    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
    "He made me feel like I had options, all was not lost, and I could rebuild my credit."
    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.
    "Without the support of pro bono attorneys we couldn't do all the work we need to do, and your firm in particular is outstanding."

    Thank you for your great work on behalf of Ms. Johnson. Without the support of pro bono attorneys we couldn't do all the work we need to do, and your firm in particular is outstanding.

    - Skip K.

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