Business Bankruptcy Lawyer in Las Vegas & Reno, Nevada
An experienced Nevada business bankruptcy attorney can guide your company through Chapter 7, Chapter 11, and commercial debt restructuring with clarity and precision.
Nevada Business Bankruptcy Attorney Helping Companies Regain Control
If your company is facing overwhelming debt, creditor lawsuits, SBA loan pressure, or declining revenue, you may need a strategic Nevada business bankruptcy attorney. At New Day Bankruptcy Law, we represent business owners across Las Vegas, Reno, Henderson, and throughout Nevada who need clear solutions to stabilize or legally close their operations.
Business bankruptcy is not simply about debt elimination. It is a legal restructuring tool designed to protect assets, stop lawsuits, and give business owners control over the process. Whether you operate an LLC, corporation, partnership, or sole proprietorship, we evaluate your structure and recommend the strongest legal strategy.
Our firm helps Nevada entrepreneurs navigate Chapter 11 reorganization, Chapter 7 liquidation, commercial debt restructuring, and SBA loan defense with practical legal guidance tailored to your business goals.
Business Bankruptcy Services
- Small business bankruptcy in Las Vegas
- Chapter 11 business bankruptcy in Nevada
- Chapter 7 business liquidation
- LLC bankruptcy protection
- Corporate bankruptcy filings
- Commercial debt restructuring
- SBA loan debt relief
Small Business Bankruptcy in Las Vegas and Reno
Nevada’s economy includes hospitality, construction, healthcare, transportation, and professional service businesses. Many operate as LLCs or S corporations, with personal guarantees attached to commercial debt.
When financial pressure builds, the best next step depends on how your business is structured, which contracts create exposure, and whether creditors can pursue the owner personally. A focused review can clarify whether reorganization, liquidation, or a negotiated solution makes the most sense.
Industries We Commonly See
- Hospitality and food service
- Construction and trades
- Healthcare practices
- Transportation and logistics
- Professional services
What We Evaluate
- Business entity structure
- Personal liability exposure
- Commercial lease obligations
- Equipment financing agreements
- SBA loan obligations
- Tax liabilities
- Vendor contract exposure
Personal guarantees matter. If you signed personal guarantees on business debt, we can coordinate strategies that may involve personal Chapter 7 or Chapter 13 bankruptcy protection when appropriate.
LLC Bankruptcy in Nevada
Many business owners assume their LLC protects them fully. However, personal guarantees can override limited liability protections.
We analyze:
- Whether creditors can pursue personal assets
- Whether corporate formalities were maintained
- Whether Chapter 7 liquidation is appropriate
- Whether Chapter 11 reorganization is viable
- How Nevada exemption laws apply
Strategic timing is critical before filing.
What Happens After Filing Business Bankruptcy
Once a business bankruptcy petition is filed:
- An automatic stay immediately stops most collection actions
- Creditor lawsuits are paused
- Asset repossession efforts are halted
- Foreclosure proceedings stop
- Judgment enforcement is suspended
We handle all filings with the United States Bankruptcy Court for the District of Nevada and represent clients in both Las Vegas and Reno divisions.
Business Bankruptcy and Personal Guarantees
Many business owners sign personal guarantees on commercial leases, SBA loans, or vendor credit lines. This creates personal exposure even if the business closes. In many cases, coordinating Chapter 7 bankruptcy or Chapter 13 bankruptcy becomes part of the overall protection strategy.
We analyze:
- Whether creditors can pursue personal assets
- Whether Chapter 7 or Chapter 13 personal bankruptcy should be coordinated
- How to protect exempt assets under Nevada law
Strategic planning matters before filing.
Frequently Asked Questions (FAQ)
How does filing for bankruptcy affect my business?
In Nevada, filing for business bankruptcy typically allows for continued operation under Chapter 11, with court oversight and restructuring of debts tailored to Nevada’s specific laws and economic conditions.
Can I operate my business after filing for bankruptcy?
Yes, especially under Chapter 11, operations can continue with court oversight.
How long does the bankruptcy process take in Nevada?
It varies, but Chapter 11 can take several months to years.
Are you struggling with business debt?
Don’t let overwhelming debt define your business.
Let us guide you towards a debt-free future. It’s a new day, and a new opportunity to reclaim your financial freedom. Act now!”