Business Reorganization California.

If you personally guaranteed business debt and if current business income can’t pay current business debts and you’re worried about losing everything, we need to talk.

personal guarantees eliminated, how your business returns to profitability and our affordable payment plans -Our lead attorney explains:

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+1 619-202-7511, Ext. 1.

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The first step towards getting somewhere is to decide that you are not going to stay where you are. 


personal guarantees can be eliminated.

The repayment of almost all business debt is personally guaranteed by one or more of the business’ owners. Wiping out business debt will not mean much if the creditor can get paid from the wages or property of the personal guarantor.  The key is knowing how to use recent changes to California law to “take the bite out of” the personal guarantees.

The Key is the Small business Reorganization act (the "sBRA").

For many California businesses, post-pandemic income is down, sometimes way down, and business debt is higher because of the loans needed in the last year to stay afloat.  If reducing or eliminating business debt can make you profitable again, we need to talk. The Small Business Reorganization Act can end the downward spiral– Purchase contracts written down to the value of the equipment purchased. Wipe out credit card and other unsecured debt. Reject unproductive leases. Pay back taxes over time.

Payment plans available.

To avoid the financial ruin that personal guarantees or a failed business can cause is surprisingly affordable.  The down payment is negotiable.  The balance of the fees and costs are paid, typically, over 12 to 36 months. The attorney’s fees and costs are always a fraction of the money saved. The issue really boils down to whether the personal guarantees can be wiped out, the business saved, or both. Call now or use our convenient contact form and a knowledgeable member of our team will get right back to you.

what our clients say:

"I could not have asked for better service. The process was handled extremely well and the staff is very welcoming and accommodating. Thank you for the help!"
Chandler B.
"Steve Cowen from day one made sure to be straightforward, honest, and friendly. I felt comfortable and taken care of through the entire process. "
Edward B.
"Steven Cowen is the best! I was nervous about filing and had lots of questions. During my first meeting with him, he was easy to talk to and answered all my questions with NO judgments! He made filing so easy and affordable, unlike the other lawyers who want a lot of cash up front."
Monique G.

“The only source of knowledge is experience.”

Albert Einstein.

And we have the knowledge because we have the experience.  To reorganize a business and eliminate personal guarantees is a legal art within a legal art which is why so few lawyers, probably fewer than 100 lawyers know how to do it in all of Southern California. Although the key principles arise out of the bankruptcy code, the vast majority of bankruptcy lawyers don’t understand it; in fact they stay away from “Chapter 11” like it’s the bad side of town at 2 AM.  It’s seen as too complex.  Too technical and too difficult to understand.  Factor in that the key to business reorganization is the Small Business Reorganization Act, which has only been in existence since February 2020, and the pool of competent experts shrinks even further.

To achieve both goals- elimination of the personal guarantees and reorganization of the business is a “tight-rope act.”  More to the point, it is a tight-rope act across a canyon in high winds.  You’d better know what you are doing.  And we do.

Our availability, however, is limited.  These cases are complex and time-consuming.  So do not hesitate.  We can tell you if it’s possible to get “that monkey off your back” but we can’t do more than that if we simply have too much work already.

Are you ready to reduce or eliminate your business debt and personal guarantees?

Give us a call or leave your information on our contact form. We have knowledgeable staff standing by to assist you.