Iannacone Law Office
8687 Eagle Point Boulevard
Lake Elmo, MN 55042
Telephone: (651) 224-3361
Fax: (651) 297-6187
mji@iannacone.com

Was your company once in "the black" and now it's in "the red"?

You need a trusted, experienced legal partner to help you navigate through the rough waters of bankruptcy and reorganization.

Are you borrowing from your personal assets to pay your bills?

Are your paychecks about to be garnished or is your home about to be foreclosed?

Contact Michael Iannacone today.

As a small business owner or family that is dealing with financial difficulties, you know about stress, tension, and sleepless nights. You may feel like you are in over your head. You may not know where to turn. Bankruptcy can offer an opportunity to restructure or even eliminate your debts. A successful bankruptcy filing can start you on the road to financial recovery. It can also stop foreclosures, garnishments, repossessions and creditor harassment.

Bankruptcy is an enormously important debt relief remedy for debtors. Most individuals will seek relief under what is called Chapter 7 or Chapter 13. Chapter 13 gives the debtor options that are unavailable under Chapter 7. Businesses have options under Chapter 11 and 12. Both Chapter 7 and Chapter 13 stop collection activities such as creditor phone calls, foreclosures and repossessions. However, each chapter is handled differently and applies to different types of people.

At Iannacone Law Office we have been assisting clients in filing for bankruptcy since 1977. We focus our bankruptcy practice on assisting individuals in filing for Chapter 7 and Chapter 13 bankruptcies, and helping small and mid-size businesses in their Chapter 11 reorganizations.

Should I file for bankruptcy?

Let Iannacone Law Office work with to determine the best way to handle your situation. Since filing bankruptcy can only be done in federal court and individual states are not authorized to enact their own bankruptcy laws, the laws are uniform throughout the United States. There are, however, certain variations allowed to the individual states such as Minnesota to let an individual keep assets.

Since we are a small business ourselves, we understand the challenges you face.

What are the different types of bankruptcy?

• Chapter 7 - Liquidation or "straight" bankruptcy
• Chapter 11 - Business reorganization
• Chapter 13 - Individual debt adjustment
• Chapter 9 - Adjustment of debts of a municipality
• Chapter 12 - Adjustment of debts of a family farmer

Chapters 7, 11, and 13 are the most common forms of bankruptcy filings. But Michael Iannacone specializes in working for the small business owner. In fact over 90% of its bankruptcy clientele are small businesses. Iannacone Law Office provides bankruptcy legal services to debtors.

What should I do to protect my small business or personal assets?

You need to talk to Iannacone Law Office as soon as you have a problem. Early intervention can be advantageous to the outcome of situation. Even if it's late in the game, give us a call, we can get you back on track. We are aggressive, knowledgeable and skilled in dealing with issues relating to your situation. If you need a skilled bankruptcy attorney who is accessible when you need them and is a bankruptcy trustee, make sure you contact Iannacone Law Office today.

For more information, or to make an appointment, please call, send e-mail or complete the online form.

The Iannacone Law Office is proud to serve Twin Cities metropolitan area, including the cities of St. Paul, Minneapolis, Lake Elmo, Stillwater, Woodbury and Duluth. We also serve clients throughout Minnesota including Hennepin, Dakota, Washington, Ramsey, Anoka, and Scott counties. Contact us so we can help resolve your bankruptcy matters today.