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Helping Our Clients Overcome Debt Since 1983 Board Certified Bankruptcy Attorney with Your Best Interests in Mind

Small Business Bankruptcy Lawyer in Galveston County

Every small business owner expects a few years of financial turbulence before achieving stability and profitability. But what if you have endured many years of struggle without an end in sight? Alternatively, what if your family business is now struggling to stay afloat for the first time in decades? Debt can accumulate quickly, and you may find yourself cutting expenses and making painful sacrifices.

Fortunately, small businesses have several options including a relatively new debt-relief option at their disposal.

John E. Smith is the one to consult on your options. Since 1983, he has helped thousands of small businesses with their debt problems. He has spoken at numerous local, state, and national seminars regarding helping small businesses in bankruptcy. Here are several options for help.

1. Subchapter V of Chapter 11 bankruptcy. Resulting from the Small Business Reorganization Act of 2019, Subchapter V is a streamlined, cost-effective form of bankruptcy reorganization that is only available to qualifying small businesses. With support from our small business bankruptcy attorney at John E. Smith & Associates, you may be able to use Subchapter V to eliminate a substantial portion of your commercial debts without going out of business.

Ready to learn more? Give us a call at (281) 954-3161 or send us an online message. We can answer all your questions during a complimentary case evaluation.

2. Are you a sole proprietor? You may have an additional reorganization option through Chapter 13, which is only available to individual debtors. Oftentimes, owners of small wholly -owned corporations can seek protection from guaranteed debt through Chapter 13. Chapter 13 is very similar to Subchapter V, in that you will make regular payments for 3-5 years before receiving a court-ordered debt discharge.

3. Qualifying family farmers and fishermen may benefit from a similar repayment plan and debt discharge under Chapter 12 bankruptcy. These cases are usually quite rare, but Mr. Smith has filed over 30 Chapter 12 cases in the Southern District of Texas.

Let’s Return Your Business to Profitability

Our attorney at John E. Smith & Associates has more than 38 years of legal experience, which he is fully prepared to use to help your business achieve financial freedom. These matters, however, are extraordinarily time-sensitive, and you will have more options at your disposal if you seek counsel and representation sooner rather than later. When you bring your case to our firm, our attorney can conduct a close analysis of your legal and financial circumstances before developing a personalized plan for your struggling business.

Don’t wait to pursue relief from unmanageable debt. Call (281) 954-3161 or contact us online to begin your small business bankruptcy process in Galveston County. We also serve clients in Friendswood, Houston, and Pearland.

Why John Smith Is the Right Attorney

To Handle Your Bankruptcy Matters
  • Free & Confidential

    Case Evaluations

  • Voted "Top Lawyer"

    by Houston Magazine

  • Over 35 Years of

    Legal Experience

  • When You Hire John,

    You Get Him.