If your business doesn't want to file for Chapter 7 bankruptcy, you may be able to go through with a corporate dissolution. John H Redfield & Associates can help you make an informed decision about the future of your company in Barrington, IL. Our commercial litigation attorney can also help solve your legal troubles outside of court, like liquidating assets or resolving issues with creditors. That way, you can get a cheaper and faster solution to your situation.
If you wish to file a formal corporate dissolution application, it must go through the Secretary of State. Learn more about our commercial litigation services by calling 847-650-9743 now.
Assigning assets for the benefit of creditors allows you to distribute your company's assets through a trust. By hiring our commercial litigation attorney for an ABC, you'll see advantages like:
- No court supervision
- Lower administrative expenses
- More flexible options over filing for Chapter 7 bankruptcy