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LSS Law is now Shelomith Law. New Website Coming Soon.
LSS Law is now Shelomith Law. New Website Coming Soon.
Debt Relief Florida | Bankruptcy in Miami, Fort Lauderdale & Surrounding Areas

Business Bankruptcy

Helping businesses in South Florida reduce, eliminate, or reorganize their debts through industry-leading expertise.

Hear From Our Clients​

Xime Basa

If you are considering filling for bankruptcy , this would be the firm to use! Jonathan is very experienced as well as all of his team, Specially Anne ! They made the process very easy and my case was approved due to their help and expertise! I am very grateful to have had them representing me !

Donald Galindo

I highly recommend LSS Law. No complaints. Jonathan, Ann, and Maria were very professional and clear in all our communications, which makes everything really easy.

Walter Laramore

Jonathan is quite splendid to deal with and has been an ideal representative for my case. Well prepared, great attention to detail, and very empathetic to my needs. Superior communication skills and gets back with you, anticipating your needs. Worth every penny!

Tavy Bastos

I had a great experience. Jonathan was very attentive, patient and knowledgeable. I had consulted with a different office before that was subpar and didn't provide all of the options provided by this one. I felt secure and in good hands with the representation.

Adrianne Surrency

Jonathan and Anne were wonderful and I thank you for helping me with my new beginning.

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Florida Debt Relief | Business Options

Starting a business is a dream for many, but the reality of financial hardship can turn that dream into a nightmare. At LSS Law, we believe that bankruptcy does not signify failure, but rather a strategic step towards a brighter future. Let us guide you through the options available for Florida businesses seeking debt relief.

Bankruptcy Does Not Mean Failure

In the world of business, the term ‘bankruptcy’ often carries a stigma of defeat and finality. However, the truth is far from this common misconception. Bankruptcy is not the end of the road; it’s a financial tool designed to provide relief and a fresh start. At LSS Law, we’re committed to shifting the narrative and helping businesses understand the real meaning of bankruptcy.

Your Business Debt Relief Options

Chapter 7 Business

Chapter 7 bankruptcy, known as liquidation bankruptcy, offers the dissolution of your business and the discharge of unsecured debts. It allows for a fresh start by ending current operations and freeing you from past financial obligations.
Discharge of Unsecured Debts
Clears debts like loans and credit card balances.
Closure and Fresh Start
Ends current operations but offers a clean slate for future ventures.
Expert Guidance
LSS Law provides careful navigation through the bankruptcy process.

Chapter 7 Business

Chapter 7 bankruptcy, known as liquidation bankruptcy, offers the dissolution of your business and the discharge of unsecured debts. It allows for a fresh start by ending current operations and freeing you from past financial obligations.
Discharge of Unsecured Debts
Clears debts like loans and credit card balances.
Closure and Fresh Start
Ends current operations but offers a clean slate for future ventures.
Expert Guidance
LSS Law provides careful navigation through the bankruptcy process.

Chapter 11 Bankruptcy

Chapter 11 bankruptcy, suitable for small businesses and individuals, allows debt restructuring while maintaining business operations. It offers a plan to repay creditors and the possibility of renegotiating terms or discharging certain debts.

Traditional Chapter 11

Comprehensive Reorganization
Full-scale restructuring for larger businesses.
Creditor Negotiations
Work with creditors to develop a viable repayment plan.
Retain Control
Management continues operating the business during the process.

Subchapter V

Streamlined Process
Simplified procedures for small businesses to reduce costs and time.
Trustee Appointment
A trustee is assigned to oversee the reorganization process.
Tailored Debt Repayment
Develop a repayment plan based on the business's disposable income.

Chapter 11 Bankruptcy

Chapter 11 bankruptcy, suitable for small businesses and individuals, allows debt restructuring while maintaining business operations. It offers a plan to repay creditors and the possibility to renegotiate terms or discharge certain debts.

Traditional Chapter 11

Comprehensive Reorganization
Full-scale restructuring for larger businesses.
Creditor Negotiations
Work with creditors to develop a viable repayment plan.
Retain Control
Management continues operating the business during the process.

Subchapter V

Streamlined Process
Simplified procedures for small businesses to reduce costs and time.
Trustee Appointment
A trustee is assigned to oversee the reorganization process.
Tailored Debt Repayment
Develop a repayment plan based on the business's disposable income.

Small Business Reorganization Act of 2019

The Small Business Reorganization Act of 2019 simplifies bankruptcy for small businesses, making debt restructuring under Chapter 11 more accessible and affordable.
Simplified Bankruptcy Process
Easier and less costly for small businesses.
Debt Repayment While Operating
Continue business activities while repaying creditors.
Specialized Legal Assistance
LSS Law's expertise in the act's provisions.

Small Business Reorganization Act of 2019

The Small Business Reorganization Act of 2019 simplifies bankruptcy for small businesses, making debt restructuring under Chapter 11 more accessible and affordable.
Simplified Bankruptcy Process
Easier and less costly for small businesses.
Debt Repayment While Operating
Continue business activities while repaying creditors.
Specialized Legal Assistance
LSS Law's expertise in the act's provisions.

Assignment for the Benefit of Creditors (ABC)

ABC, a state-level alternative to bankruptcy, involves transferring assets to a trustee for liquidation to pay off creditors. It can be quicker and more private than bankruptcy, offering flexibility in certain cases.
Quick & Private Process
Faster and more discreet than federal bankruptcy.
Flexibility in Asset Liquidation
Potential options for handling company assets.
Guided Process
LSS Law ensures efficient handling of the ABC process.

Assignment for the Benefit of Creditors (ABC)

ABC, a state-level alternative to bankruptcy, involves transferring assets to a trustee for liquidation to pay off creditors. It can be quicker and more private than bankruptcy, offering flexibility in certain cases.
Quick & Private Process
Faster and more discreet than federal bankruptcy.
Flexibility in Asset Liquidation
Adaptability in handling company assets.
Guided Process
LSS Law ensures efficient handling of the ABC process.

Benefits of Debt Relief for Businesses

Regaining Financial Control

Regain Financial Control

When debt becomes overwhelming, it feels like you’re no longer in the driver’s seat of your business. Our debt relief services can put you back in control. By exploring options like Chapter 11 bankruptcy or the Small Business Reorganization Act, we help you create a plan to manage your debts effectively. Regaining financial control means having the power to make decisions that are best for your business’s future, not just responding to creditors’ demands.

Preventing Business Closure

The prevention of business closure
The thought of closing your business due to financial struggles is heart-wrenching. We understand that your business is more than just a source of income; it’s a passion and a dream. That’s why we’re dedicated to providing debt relief options that can prevent your business from shutting down. Whether it’s through restructuring under Chapter 11 or utilizing the Assignment for the Benefit of Creditors, we’ll work tirelessly to find a solution that keeps your doors open.

Reducing Stress and Liability

The reduction of stress and liability in business
Dealing with business debt is not only a financial burden but also an emotional one. The stress of facing creditors and the fear of personal liability can be paralyzing. Our team at LSS Law offers a compassionate approach to debt relief, helping to reduce the weight on your shoulders. By taking proactive steps towards resolving your debts, we aim to minimize your stress and protect you from personal liability, allowing you to focus on what you do best—running your business.

Why Choose LSS Law for Your Business Debt Relief?

At LSS Law, we recognize the impact of financial burdens on your business and personal life, and we’re dedicated to alleviating this strain and paving the way for a brighter future. Our goal is to provide the best solutions for your debt relief needs with a team committed to professionalism and expertise.

Expertise in Bankruptcy Law

In-depth knowledge and guidance through the bankruptcy process.

Personalized Strategies

Tailored plans addressing each client's unique financial situation.

Compassionate Approach

Understanding and supportive in handling sensitive financial issues

Regain Financial Control

Aiding in preventing business closure and reducing debt-related stress.

Long-term Partnership

Standing by clients with expert legal support throughout their journey to financial stability.

Schedule Your Strategy Session Today

During a Strategy Session, we delve into the specifics of your case, exploring all avenues of debt relief and bankruptcy options. Our focus is on understanding your goals, challenges, and the specific hurdles you face. We combine this insight with our comprehensive knowledge of financial law to craft a strategy that aligns with your objectives.
Schedule Your Strategy Session Today
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Let’s Get Started With Us, Further Info & Support Team

We’re committed to helping people just like you finally remove the financial monkey from their back and open the door to a brighter future.

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