The current economic climate has hit small to medium size businesses very hard, with those in the restaurant, retail and manufacturing industries facing the most challenging environments. While a record number of these businesses are closing, your businesses does not have to be one of them.

Last year, a new business bankruptcy law went into effect, Subchapter V of Chapter 11 Bankruptcy Law, which creates a path for companies to restructure and achieve profitability. This new law streamlines the reorganization process and makes it less costly for businesses to embark on this process. The law also stops debt collection activity while the business proposes a plan to reduce debt and manage resources to emerge stronger than before.

The Bankruptcy and Reorganization attorneys at Golan Christie Taglia have helped hundreds of struggling businesses successfully reorganize. The attorneys have decades of experience turning around restaurant, retail and manufacturing companies and are in demand by those hit hardest by the current economic downtown. In the past year, they have helped restaurants, service providers, retail stores and small manufacturing companies take advantage of this new law to keep their businesses open.

Attorneys at Golan Christie Taglia help people file for bankruptcy relief under the Bankruptcy Code, serving creditors, debtors and trustees. We represent clients in all phases of financial reorganizations and debt resolutions and regularly engage in bankruptcy proceedings nationwide. Our activities include:

• advising parties on non-judicial workouts
• litigation
• filing claims
• preference suits
• representation of entities purchasing assets or businesses through bankruptcy.

Our objective is to help you resolve your issues in a cost-effective and time-saving manner.

To determine if a reorganization is right for you and your business, we offer a free, no obligation initial consultation. For more information, please complete the form below, or reach out to Bob Benjamin, Chair of the Reorganization & Bankruptcy Practice Group or call (312) 696 4152.