Representatives recently shared that the firm has launched a 24/7 hotline for those who need trusted preliminary bankruptcy guidance. This move is an acknowledgment of the ongoing economic fallout caused by the COVID-19 pandemic.
More information about Jafri Law Firm is available at https://www.jafrilawfirm.com/practices/bankruptcy
The law firm has extensive experience in Chapter 7, Chapter 11, and Chapter 13 bankruptcy filings. It works closely with both company boards as well as solo entrepreneurs to determine the best course of action.
NOT OUT OF THE WOODS YET
While the number of bankruptcy filings in Q3 2022 shrunk by 18.7% compared to last year, the market landscape remains challenging. Macroeconomic factors like inflation and rising interest rates have made the cost of running a business skyrocket, leaving many entrepreneurs struggling to keep their ventures afloat.
Bankruptcy allows them to restructure loans and get better repayment terms. In certain cases, some debts can be discharged altogether.
DIFFERENT SOLUTIONS FOR DIFFERENT SCENARIOS
Jafri Law Firm understands that no two businesses have the same needs, which is why it can handle all three major bankruptcy types. These include:
?Chapter 7 bankruptcy – Ideal for business owners who wish to close their enterprise
?Chapter 11 bankruptcy – Ideal for those who need to reorganize debt to keep their business in operation
?Chapter 13 bankruptcy – Ideal for sole proprietors who want to restructure both business and personal debts
ABOUT JAFRI LAW FIRM
Jafri Law Firm is staffed with experienced professionals who specialize in high-stakes litigation. Atty. Farva Jafri, an alumna of the University of Illinois at Urbana-Champaign College of Law, serves as the practice’s managing partner. Its practice areas also include family, employment, and criminal law. It has received the Clients’ Choice Award from the review platform AVVO for its outstanding service.
A satisfied client shared this review: “Atty. Farva Jafri is a first-tier professional who continues to be a valuable resource. She is a dedicated client service provider, as well as a highly knowledgeable lawyer. These qualities are reflected in the work she and her team consistently deliver.”
Interested parties may visit https://www.jafrilawfirm.com/practices/bankruptcy if they need further information about its bankruptcy advisory service.
Jafri Law Firm
50 Evergreen Row
Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Insider Quest 24x7 journalist was involved in the writing and production of this article.