Brennan Legal Counsel Group, PLLC, can assist with new Subchapter 5 Bankruptcy.
[LAS VEGAS]— A new bankruptcy law, Subchapter 5, was recently enacted which could assist businesses during the challenging times of COVID-19. Brennan Legal Counsel Group, PLLC, offers extensive experience in this new law, having represented creditors and debtors in commercial bankruptcy and reorganizations for over 10 years.
A graduate of Notre Dame Law School and licensed to practice in four states, Shauna Brennan, founder, and principle of the Brennan Legal Counsel Group, PLLC, has over 30 years of experience and expertise.
“Do not go out of business. While I believe things will get worse before they get better, there is a new remedy to keep your business going until the new resurgence of Las Vegas,” she advises.
This new bankruptcy law is designed specifically for struggling small businesses with up to $7.5 million in debt, of which 50% was incurred for business purposes. This small business bankruptcy is ideal for companies burdened with cumbersome lease terms and locations that it needs to close and vacate, allowing the business to terminate leases for undesirable locations and to restructure lease terms for locations that it wants to keep. Under this process, the business owner can retain ownership and control over the business and restructure all debt through plan payments from disposable income over a 3 to 5 year period.
For more information, visit OutsideGeneralCounsel.com or call 702-835-1300. Interviews available by appointment.
ABOUT BRENNAN LEGAL COUNSEL GROUP
Brennan Legal Counsel Group, PLLC, represents businesses and business owners in a broad range of legal services, with an emphasis on real estate, commercial litigation, asset protection, estate planning, business succession, commercial bankruptcy and reorganizations for over 10 years. Founder and principle Shauna Brennan is a graduate of Notre Dame Law School, is licensed to practice in four states, and has over 30 years of experience and expertise. For more information, visit OutsideGeneralCounsel.com or call 702-835-1300. Interviews available by appointment.
