🏢 Providing Business Debt Solutions in Clark County, Las Vegas, Henderson, or anywhere in southern Nevada.
If you’re overwhelmed with business debts in Clark County, Las Vegas, Henderson, or anywhere in southern Nevada, you don’t have to face creditors alone. At A Fresh Start Law, attorney Dorothy Bunce has spent decades helping people and small business owners negotiate with creditors, reduce balances, and stop aggressive collection actions. From debt settlement to bankruptcy relief, Dorothy and her team offer clear, compassionate solutions that enable you to regain control and move forward.
✨ You Deserve a Fresh Start!
At A Fresh Start Law, we’ve helped hundreds of Nevadans protect their livelihoods, families, and futures while solving overwhelming business-related debt problems.
📞 Call us today at (702) 551-3256 for your free consultation or request a same-day callback.
🤔 How Business Debts Affect You Personally
Many business owners are surprised to learn that business debts can follow them personally.
- 👤 Sole proprietors are personally responsible for all debts of the business.
- ✍️ Co-signers or guarantors (on loans, leases, or credit cards) are equally liable.
- 🏦 Even with an LLC or Corporation, if you personally guaranteed the debt, creditors can still come after you to pay the business debts.
That’s why dealing with business debt is often less about “saving the business entity” and more about protecting the individual behind the business.
⚖️ Business Debt & Bankruptcy
Bankruptcy can help business owners in several ways:
📝 Chapter 7 Bankruptcy (Personal)
If you co-signed for business debts or operate as a sole proprietor, Chapter 7 can often eliminate those obligations.
📊 Chapter 13 Bankruptcy (Personal)
If you need to protect assets or repay some debts (like taxes), Chapter 13 allows repayment over 3–5 years while stopping lawsuits, garnishments, and foreclosures.
🏢 Business Entities & Bankruptcy
Here’s what many don’t realize:
- Corporations and LLCs cannot receive a discharge in Chapter 7. What this means is that Bankruptcy won’t eliminate any of the debt.
- Filing Bankruptcy for the entity itself often accomplishes little — except having a Bankruptcy Trustee liquidate its assets.
- The focus should be on the owner’s liability and protecting the owner’s personal finances.
💡 Special Considerations With Business Debts
Not all business debts can be easily eliminated, especially if they involve:
- 🧾 Taxes, such as sales tax, payroll “trust fund” taxes, etc.
- 🔑 Secured business loans, for example, to finance equipment or commercial property.
- 🚫 Fraud-related debts, which might be debts obtained by making false promises.
- 💵 Wages or Payroll obligations.
These debts usually require a careful legal strategy. Dorothy Bunce has decades of experience analyzing which debts can be discharged — and how to protect you from those that can’t.
🌟 The Means Test Advantage
One little-known benefit: if more than half your total debt is business-related, you may be exempt from the bankruptcy Means Test. Large Business debt can make it easier to qualify for Chapter 7 relief.
✅ Why Work With A Fresh Start Law?
👩⚖️ Attorney Dorothy Bunce has over 35 years of experience guiding Nevada business owners through debt problems.
💬 She has answered over 30,000 debt-related questions online, including thousands from small business owners.
🤝 She’ll review your entire financial picture and explain all your options clearly so that you can make the right choice for yourself, your family, and your business.
✨ Business debts don’t have to destroy your financial future. With the right strategy, you can protect yourself and move forward with confidence.
📞 Call us today at (702) 551-3256 for your free consultation or request a same-day callback with Attorney Dorothy Bunce.
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🤔 Business Debt – Frequently Asked Questions
👤 Am I personally responsible for my business’s debts?
It depends. A sole proprietor is personally liable for every business debt. If you signed as a guarantor on a loan, lease, or credit card — even for an LLC or Corporation — you are personally on the hook to repay these debts. Attorney Dorothy can review your contracts and tell you exactly where you stand.
💳 Am I liable for business credit cards in my name?
Yes. If a card was opened in your personal name — even if used only for the business — you are personally responsible. Business credit cards that require a personal guarantee also make you liable if the business cannot pay.
🏢 Can Bankruptcy save my business?
Sometimes. If your business is a sole proprietorship, Bankruptcy may allow you to eliminate debts and keep operating. But for corporations and LLCs, Bankruptcy rarely helps the business itself — the focus shifts to protecting the owner personally from liability. A business entity is not eligible to eliminate debts in a bankruptcy through the discharge process. Instead, when a business files for Chapter 7 Bankruptcy, all of its assets are liquidated because businesses are not eligible to claim the benefits of exemption laws; these laws are only available to individuals who file for Bankruptcy.
⚖️ Can Bankruptcy clear business-related taxes?
Some taxes, such as older income taxes, can be discharged in Bankruptcy. However, taxes owed by the business itself, such as payroll or “trust fund” taxes, are different — these can follow the owner personally and usually cannot be wiped out. A Chapter 13 program may allow you to repay these debts over a period of time.
⏳ What happens if my business closes?
Even if the business shuts down, creditors can still chase you personally if you guaranteed the debt. Bankruptcy or settlement may be the only way to completely resolve the debts of a failed business.
📉 Will business debt hurt my personal credit?
Yes, if you signed personally or guaranteed the debt, any delinquent debt may harm your credit. Court Judgments, garnishments, or defaults will affect your personal credit report. The good news? Often, creditors fail to report business debt to the Credit Reporting Agencies. They can, but many do not. And once the business debt is resolved, you can start rebuilding.
✨ Still worried about business debt? Attorney Dorothy Bunce has decades of experience helping Nevada business owners protect themselves, their families, and their futures.
📞 Take the First Step Toward a Fresh Start
At A Fresh Start Law, solving debt problems isn’t just part of what we do — it’s our only business. Attorney Dorothy Bunce has over 35 years of experience helping Nevadans like you escape overwhelming debt and rebuild their lives with dignity.
✨ Whether your challenge is credit cards, medical bills, business debts, judgments, foreclosure, or even tax problems, there is a solution. And you don’t have to figure it out alone.
✅ Why Choose A Fresh Start Law?
- 👩⚖️ Experienced Las Vegas bankruptcy & debt attorney since 1979
- 💬 Answered more than 30,000 debt questions online — proving Dorothy’s dedication to clear, helpful advice
- 🤝 Compassionate, judgment-free guidance tailored to your unique situation
- 🌟 Same-day callbacks and free initial consultations
📲 Ready for Relief?
📞 Call us today at (702) 551-3256
💬 Or request a same-day callback from our team
🗓️ Schedule a free, confidential consultation with Attorney Dorothy Bunce
✨ You Deserve a Fresh Start — Let’s make it happen together.