Facing Business Debt? Learn Your Legal Options Before It’s Too Late

Running a business isn’t easy. When debt starts piling up, it can feel impossible to catch up. Vendors call, loans go unpaid, and the stress becomes constant.If that sounds familiar, you’re not alone — and you’re not out of options.

Business bankruptcy can help you regain control, protect your assets, and start over with a plan.

At Murray Law Firm, we help Massachusetts business owners navigate financial challenges with strategy, experience, and compassion. Our focus is to help you move forward with clarity, not fear.

Stressed woman faces creditors in ongoing litigation over debt. She can no longer keep her business open and the pressure is consuming her

What Business Bankruptcy Actually Means

Bankruptcy doesn’t always mean shutting your doors for good.

It’s a legal process that gives your company breathing room while you decide the best next step — whether that’s reorganizing, downsizing, or closing in an orderly way.

Here are the main options available:

• Chapter 7 (Liquidation): For businesses that can’t continue operating, Chapter 7 allows for an organized closure and ensures debts are handled properly while minimizing personal liability.

  
  

• Chapter 11 (Reorganization): Keeps your business open while restructuring debts and renegotiating contracts. This option allows you to reorganize and emerge stronger.

  
  

• Subchapter V (Small Business Reorganization): Designed for small businesses, this streamlined form of Chapter 11 helps owners stay in control and resolve debt faster and more affordably.

How Bankruptcy Can Help Your Business

Filing for bankruptcy can give you protection and relief you can’t get anywhere else:

• Stops lawsuits, collections, and foreclosures immediately

• Provides time to restructure your business or plan an exit

• Protects certain personal and business assets

• Offers a path to rebuild with a cleaner financial slate

  
  

It’s not about giving up. It’s about protecting what you’ve built and giving your business a chance to recover.

You’re Not Alone in This

Every business goes through challenges. Whether yours is facing slow sales, unexpected costs, or rising debt, you don’t have to face it alone.

Our team takes the time to understand your situation and explain your options clearly, so you can make the best decision for your company’s future.

Take Back Control — Starting Today

If your business is struggling with debt, waiting will only make things harder. The sooner you act, the more protection and flexibility you’ll have.

📞 Call Murray Law Firm today to schedule a confidential consultation and learn how we can help you protect your company, your assets, and your peace of mind.