These Armonk Bankruptcy Attorneys Help
Local Businesses Reorganize Or Liquidate
Jafri Law Firm has
revamped its bankruptcy
filing service to offer you a
lifeline.
Through this offering, you
have a better chance of
keeping your business afloat
while managing your debt
more effectively.
This offering is especially
ideal if your venture
suffered because of the
current pandemic. 
With the law firm’s
guidance, you can reduce
your debt load or get more
favorable payment terms. 
The current pandemic is a
once-in-a-decade event that
has caused major difficulty to
the business sector. 
As people tightened their
belts, you likely saw your
sales dwindle and your
debts balloon. 
Chapter 7 bankruptcy is
designed to liquidate your
assets, with most of your
debts being discharged after
proceeds are distributed. 
Jafri Law Firm will assist you
with the means test, which
determines which of your
assets are exempted or not
from liquidation. 
Chapter 11 or 13 bankruptcy,
on the other hand, entails
restructuring your loans and
promising to repay them in
regular tranches.
Your personal assets will not
be sold, since your business
is treated as a separate
entity from you, the owner.
Learn more by visiting
https://www.jafrilawfirm.com/
practices/bankruptcy