How do I know if I’m choosing the correct banruptcy for my ohio business?
Who can I talk to about filing banruptcy in Columbus? Will business bankruptcy hurt my personal assets?


    Business Bankruptcy Ohio

    How do I Choose the Correct Bankruptcy for my Business?

    For businesses that are struggling with finances, bankruptcy can offer a business owner options to stay in business or to close the business. Bankruptcy can bring relief to a small business owner depending on the type of business and bankruptcy filed. Our Bankruptcy FAQ’s provide insight on which small or large business bankruptcy is best for your Columbus, Ohio business.

    Under chapter 13 bankruptcy a small business, whether a sole proprietor or incorporated entity such as a limited liability company (i.e. LLC), can stay open and make monthly payments to creditors to pay off debt.  If the business isn’t receiving enough income/revenue in a month then it can file under chapter 7 bankruptcy and close the business in an efficient and transparent manner. Our experienced team at Sheppard Law Offices will help decide which option is best for your business.

    Choosing the incorrect type of bankruptcy may negatively affect the business and personal finances or even subject you to litigation. To find out what type of bankruptcy is best for your small business, contact an attorney at Sheppard Law Offices today. Call us at (877) 505-9455.

    What is a Bankruptcy Discharge in Columbus?

    A bankruptcy discharge eliminates the debtor’s liability and obligations to pay back most types of debt that the debtor owes. If your business gets a discharge in chapter 7, the business creditors cannot sue or come after your company to collect the debt. The owners of the business may also have to consider filing bankruptcy to resolve their personal obligations to the same creditors.

    What Debts Does the Bankruptcy Discharge Eliminate?

    A bankruptcy discharge in a personal bankruptcy wipes out your personal liability for most types of debts. The following are the most common debts a bankruptcy discharge will eliminate:

    • Credit card debt
    • Medical bills
    • Personal loans
    • Back rent
    • Utility bills, and
    • Most lawsuit judgments

    Note: This is not a detailed list and the types of debts you can discharge in bankruptcy. The type of debts also depends on whether you file for Chapter 7 or Chapter 13 bankruptcy.

    Call Sheppard Law Offices today for more information on bankruptcy

    Our Columbus bankruptcy attorney office is conveniently located in Hilliard, just east of I-270 off Cemetery/Fishinger Blvd. exit. Our Newark office is conveniently located off North 21st Street in the Newark Medical and Dental Office Complex. Our Mount Vernon office is conveniently located on the northeast corner of South Mulberry Street and West Gambier Street. Our Canton office is located in Belden Village at the Glass Tower across from Dillard’s Department store. And our Akron office is located just north off I-77 at White Pond Drive exit.

    We accept various options for payment, including debit and credit cards. However, please be aware that we are not permitted to accept credit card payments directly from bankruptcy clients. Contact us today for your free initial consultation with one of our tax or bankruptcy lawyers. We are a debt relief agency. We help people file for protection under the U.S. Bankruptcy Code.

    Our Bankruptcy Attorneys Serve the Following Areas

    Sheppard Law Offices, Co., L.P.A. serves individuals, families, and small businesses throughout central Ohio, Northeast Ohio, and the state of Ohio. With consumer bankruptcy and tax offices in the following.

    The Ohio law firm of Sheppard Law Offices represents clients in several counties in Ohio, including Franklin County, Delaware County, Licking County, Knox County, Stark County, and Summit County, as well as in communities such as Columbus, Dublin, Upper Arlington, Westerville, Newark, Granville, Utica, Mount Vernon, Canton, Akron, Massillon, Medina, Barberton, Dover and New Philadelphia.

    Contact Sheppard Law Offices and Attorney Kenneth L. Sheppard, Jr. to discuss your particular situation. Call today to schedule your free initial consultation.