Many business owners across Los Angeles and Southern California reasonably assume that reaching out to a bankruptcy attorney for debt-linked assistance will result in guidance that promotes the upsides of a bankruptcy filing.
After all, providing legal counsel that stresses bankruptcy is what a bankruptcy legal team centrally does, right?
The diverse business principals who contact the proven Los Angeles debt-relief law firm of Weintraub & Selth quickly find that sound legal advocacy responding to stark financial challenges encompasses far more than mere nudges toward bankruptcy.
Indeed, truly assessing the wisdom and effectiveness of a business bankruptcy filing is only possible when a valued client is fully informed concerning all feasible options for addressing and restructuring debt.
We prominently spotlight that truth on a firm website page focused upon debt-relief options and client-tailored strategies for businesses seeking to regain financial traction.
It might indeed turn out to be the case that opting for bankruptcy is an optimal debt-challenge response. Business managers can only know that with confidence, though, from a studied assessment of what else might work as well – and even better.
We underscore that point at our firm, noting that, “Bankruptcy is only one tool in our tool box and should always be the last option.”
It is the privilege and good-faith duty of knowledgeable and impassioned bankruptcy legal counsel to help clients fully explore all strategies that might reasonably promote debt relief.
Bankruptcy might well be the preferred response in a given case. A client pursuing that remedy will be empowered by knowing that it was purposefully selected following a meaningful analysis of all available options.