The practice, a full-service national law firm that focuses on bankruptcy, litigation, and tax problems, now provides comprehensive consulting and trial services for commercial clients looking to reorganize their debts or close down their businesses.
More information can be found at https://www.jafrilawfirm.com/practices/bankruptcy
Jafri Law Firm now helps businesses, independent contractors, and sole proprietors prepare chapter 7, 11, and 13 filings for bankruptcy protection or liquidation. The practice recognizes that unmanageable debt, persistent calls from creditors, and concerns about the welfare of employees can be extremely stressful – accordingly, they now provide 24/7 service so that clients can reach out whenever necessary.
In the immediate wake of the pandemic, bankruptcy filings dropped across the country. However, as government support programs began to expire while the economy has struggled with inflation, supply chain issues, and a more volatile workforce, commercial and consumer bankruptcies are once again on the rise: commercial Chapter 11 Filings grew almost 30% in June compared to one year ago. While overall bankruptcy numbers are still decreasing, that trend is not reflected in the commercial sector, which is witnessing a month-to-month spike in chapter 13 and chapter 11 filings. Analysts predict this to continue – at least in the short term – until the current market turbulence abates.
Jafri Law Firm provides knowledgeable and skilled legal representation for businesses that want to close their doors completely, for sole proprietors who are looking to restructure their business along with their personal debt, and for firms that want to reorganize their assets and minimize their debt, while remaining operational.
The practice can also protect clients from some of the harshest effects of debt, such as foreclosure and creditor retaliation. Many clients are unaware that businesses have significant rights – Jafri Law Firm assists clients in safeguarding their most important assets and holding creditors and lenders liable for any improper conduct.
The firm, headed by Farva Jafri, also works to educate its clients and equip them with the best tools possible when seeking relief from bankruptcy. The firm advises clients to avoid some of the common mistakes people make when scrambling for solutions – such as transferring assets to family members and friends.
One client commented: “Jafri Law Firm was different from attorneys with whom I’d spoken in the past. They were available on weekends, late evenings, basically any time I needed them. Filing for Chapter 11 protection is a difficult decision, but Jafri Law Firm made things easier.”
Interested parties can learn more at https://www.jafrilawfirm.com/practices/bankruptcy
Jafri Law Firm
50 Evergreen Row
Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Michigan Journal USA journalist was involved in the writing and production of this article.