Business Bankruptcy Serving Families Throughout Fresno

Business Bankruptcy Attorneys in Fresno

Dedicated Fresno Business Bankruptcy Team with Decades of Experience 

If you are considering filing for bankruptcy for your California business, you should retain experienced representation as soon as possible. Every chapter of bankruptcy has its own distinct advantages and drawbacks, and a knowledgeable attorney can help you determine which type is best for your specific needs.

At Fear Waddell, P.C., our Fresno business bankruptcy attorneys have successfully handled more than 1,000 cases in 10 years, and we can assist you, too. Whether you are considering filing for Chapter 7, Chapter 11, or Chapter 13 bankruptcy, we can handle it. Our legal team works hard to provide you with strategic and creative solutions, and we can efficiently guide you every step of the way through the complex legal process.

Call Fear Waddell, P.C. today at (559) 418-3022 or contact us online to learn more about what our Fresno business bankruptcy attorneys can do for you.

Types of Bankruptcy Options for Businesses

Filing for business bankruptcy does not necessarily mean your business has come to an end. For many business owners, bankruptcy provides a fresh start by resolving crippling financial problems. If you have incurred insurmountable debt trying to keep your company afloat, bankruptcy could provide the relief you need and deserve.

Explore the Three Main Business Bankruptcy Options:

  • Chapter 11: allows businesses to remain in operation and restructure their debt with more manageable payment terms
  • Chapter 13: allows sole proprietors to restructure their debts and propose a payment plan
  • Chapter 7: enables corporations, LLCs, and other business entities to close down and pay debts through asset liquidation

The best option for you depends on the structure of your business, whether you want to continue to operate the business, the value of your assets, and your level of debt. Our legal team can evaluate your situation and help you determine the most appropriate way forward.

Relief Options Available for Small Business Owners

In February of 2020, Chapter 11 bankruptcy received an update: Subchapter V. This path is exclusively available to small business owners because they haven’t traditionally benefited from Chapter 11 the way large corporations have. Subchapter V provides a streamlined, cost-effective means of restructuring debt, giving small business owners a greater opportunity to restore control over their finances and build strong foundations for their business’s future.

Through Subchapter V, you may be able to:

  • Create your own repayment plan
  • Get plan approval without a vote from creditors
  • Cram-down certain types of debt
  • Modify the mortgage of your principal residence (if used in connection with your business)

The benefits of Chapter 11 for small business owners are vast, but the requirements are stringent. Contact our team to see if you may qualify for this form of relief.

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Why Choose Fear Waddell, P.C.?

  • Board Certified Bankruptcy Attorneys
  • Free Consumer Consultations
  • 1,000+ Bankruptcy Case Filings
  • Decades of Combined Legal Experience

Testimonials

Serving Fresno, CA Since 2014

    "Excellent attorney. I give an A+"
    I am a senior citizen and Gabriel took me by hand, guided me through the process of bankruptcy with patience, caring and most of all he cared about my feelings and the stressful time I was going through.
    - Former Client
    "Highly recommended."
    If Bankruptcy is absolutely your only option and Dave Ramsey's program is too far out of sight, or in my case, a start-up business gone sour, I would HIGHLY recommend Gabe Waddell and the staff over at Fear Law Group.
    - Former Client
    "Thank you so much for all your help through the stressful time."
    He's very professional, informative, answered whatever questions I had, a great listener and returned phone calls promptly.
    - Sandi
    "Professional, comfortable environment run by top shelf people."
    From the moment we started this, though, Peter Fear and the staff there made us feel comfortable and removed the worry and confusion that we were expecting would overwhelm us.
    - Gerone
    "I am extremely happy that I found Peter Fear."
    Peter was a consummate professional, advising me on the process and guiding me through the steps. He answered every question quickly and clearly, which gave me the utmost confidence that my decisions were the correct ones to make.
    - Former Client
    "Attorney Waddell and his excellent staff have been fantastic to work with."
    They do everything within their power to work with the client's special timelines and do everything possible to make the process flow smoothly and efficiently.
    - Cynthia
    "I am beyond grateful to Mr. Fear and Mr. Waddell for their help during a tumultuous time."
    Many of the other attorneys in our hearing were not prepared, missing documents and ultimately ended up being rescheduled. Peter was prepared and the proceedings moved forward without incident.
    - Craig
    "Peter Fear is the best attorney out there."
    He helped guide us through a very difficult and trying time in our life and answered all of our questions and got us through it, and we are forever grateful to Mr. Fear and his staff for everything.
    - R.N.