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The firm represents individuals and businesses as debtors and debtors in possession under Chapter 7, Chapter 13, and Chapter 11 of the Bankruptcy Code.  Many individuals and families, typically due to forces beyond their control, i.e., loss of employment, illness, divorce, etc., are faced with crushing and seemingly insurmountable debt.  As counter intuitive as it may seem, bankruptcy relief can be the most effective means of providing relief and a "fresh start".  Attorney Azarian has represented over a thousand individuals, families and businesses experiencing financial difficulties , and successfully guided them through the bankruptcy and reorganization process. 

THE SMALL BUSINESS REORGANIZATION ACT (SBRA)

Effective February 19, 2020, Congress passed The Small Business Reorganization Act (SBRA). Called Subchapter 5 of Chapter 11 of the United States Bankruptcy Code, this new provision is for businesses with debt low 2.7 million dollars (this was recently increased to 7.5 million dollars through March of 2021 in light of the Coronavirus). This new subchapter is designed to make the reorganization process faster and less expensive for small businesses who wish to utilize Chapter 11 of the Bankruptcy Code. The SBRA will lower costs and streamline the reorganization process to better enable small businesses to survive bankruptcy and retain control of its operations.

 To determine whether a bankruptcy filing is the most appropriate method of resolving your debts, it is critical that you discuss your options with a Bankruptcy attorney with the requisite experience and knowledge to answer your questions and help you formulate the most appropriate bankruptcy strategy.  Many attorneys, accountants, and other financial professionals refer their clients to Attorney Azarian when their clients are experiencing financial difficulties.  Attorney Azarian has represented several attorneys in bankruptcy proceedings for the purpose of reorganizing their financial affairs.  He is a member of the American Bankruptcy Institute, has been a featured speaker at the annual Northeast American Bankruptcy Institute Conference, and sits on the  Rules Advisory Committee for the United States Bankruptcy Court for the District of New Hampshire.