Reorganize Your Business, Return to Stability, and Thrive.
Our law firm guides stressed businesses through restructuring under the Small Business Reorganization Act.
Steven E. Cowen, Esq. , (P) 619.202.7511, Cowen.steve@secowenlaw.com.
Reorganize Your Business, Return to Stability, and Thrive.
Our law firm guides stressed business through restructuring under the Small Business Reorganization Act.
We restructure business debt under the Small Business Reorganization Act to help keep businesses running or drive greater profitability. We work with business owners who are struggling with debt or aiming to increase profitability.
What is the Small Business Reorganization Act (SBRA) and How Can it Benefit Your Business?
The Small Business Reorganization Act is a legal framework designed to help small/medium size businesses restructure their debts more quickly, cost effectively, and with fewer procedural burdens than traditional Chapter 11 bankruptcies; it benefits businesses by allowing them to continue operations while reorganizing over a 3 to 5-year period. The SBRA is sometimes also referred to as “Chapter 11, Subchapter V.”
Specific Examples of How the SBRA Can Help Your Business:
- Reducing or even wiping out your MCA loans.
- Reducing or even wiping out your SBA loans.
- Stopping your lawsuits.
- Reducing or even wiping out your unsecured debt.
- Repaying only what your equipment is worth.
- Maintaining key vendor relationships.
- Rejecting your unprofitable contracts and/or leases.
Is the Small Business Reorganization Act Only Useful for Saving Businesses That Are Facing Closure and Liquidation?
The answer: absolutely not. While the SBRA is an excellent tool for businesses on the brink of closure to reorganize and stay open, the SBRA can also help businesses with declining profits restore their value and return to being strong wealth producers.
Does Working With Us Mean That Your Business is Shutting Down?
The answer: absolutely not. The goal of the SBRA is to keep your business open and/or make it more profitable.
Can You, as the Business Owner, Receive Pay During the Reorganization Process?
Absolutely you can! In fact, it is required that the owner gets paid during the reorganization. If you have not been paying yourself, you can begin paying yourself during the reorganization. If your pay has been decreased, it can be increased in the reorganization.
We are Debt Solution Law Group, a law firm dedicated exclusively to debt reorganization and bankruptcy cases. With 179 reviews and a 4.9 out of 5 rating on Google, our reputation speaks for itself.
We serve clients all across California.
Indicators That Your Business is Well-Positioned for a Successful Reorganization:
- Your business has less than $3,014,000 in total debt.
- Your business is producing enough monthly income to pay its “core” (non debt repayment) expenses.
- Your business financials are up to date and you have access to accurate and up to date profit/loss statements and a balance sheet.
- Your business income tax return filings are up to date.
Our Process:
Step 1: Free Consultation:
The goal of your free consultation with our firm is to determine what is possible: Can your business reorganize successfully and survive? If it can, what do your business’s post-reorganization profit and loss statements look like? Are they attractive? How attractive? Answering these questions in general terms is the goal of the free consultation.
Consulting with our firm is not a commitment to reorganizing your business. The consultation is an exploration of “what is possible” for your business. Free consultations are handled via ZOOM. We require up to date profit and loss statements and balance sheets at the free consultation.
Please Call 619-202-7511, Ext. 1 or Submit Your Contact Information on the Contact Form Below if you wish to Schedule a Free Consultation.
Step 2: Initial Analysis:
If the results of your free consultation are favorable and your business has the opportunity to reorganize successfully, you will have the opportunity to proceed on to an in-depth process called “Initial Analysis.” Our Initial Analysis process is a comprehensive evaluation that provides exact numbers. Exactly how much debt will the business eliminate? Exactly how much will secured creditors get paid? Exactly how much income does the business need to generate each month to fund the reorganization?
The Initial Analysis will also provide insight on what impact personally guaranteed debt will have on the personal guarantor. In other words, if your business reorganizes, what are the impacts of that reorganization on your personal assets and wealth profile? The goal of the Initial Analysis is to provide answers to the questions raised here and to provide you, the business owner, with a “look over the horizon” at exactly what a reorganization would look like -both for your business and for you personally.
Engaging in the Initial Analysis process is not a commitment to reorganizing your business. The Initial Analysis will provide you with a clear picture of what a reorganization under the SBRA will look like for both your business and your personal wealth profile.
Step 3: Filing of Reorganization case:
Your business will petition for reorganization under the Small Business Reorganization act and begin the process of eliminating debt. The reorganization can take as few as 6 months to become effective. This is the point at which your business has committed to a reorganization and creditors will be notified. Creditors are not notified until this point.
Contact us:
Meet Our Lead Attorney:
With over 34 years of experience and a track record of successfully handling thousands of bankruptcy cases, Steven Cowen and his team possess the expertise needed to guide your business to profitability.
As the lead attorney at Debt Solution Law Group, Steven Cowen has made a name for himself in the world of business reorganization, business restructuring and business debt elimination. He is one of the few true experts on the Small Business Reorganization Act and its business saving properties. Attorney Cowen has observed the damage done to businesses by the pandemic and has made himself available to all California business owners and operators who are looking to save their businesses and/or increase the profits they take home each month.
Steven E. Cowen , Esq.
Meet Our Lead Attorney:
With over 34 years of experience and a track record of successfully handling thousands of bankruptcy cases, Steven Cowen and his team possess the expertise needed to guide your business to profitability.
As the lead attorney at Debt Solution Law Group, Steven Cowen has made a name for himself in the world of business reorganization, business restructuring and business debt elimination. He is one of the few true experts on the Small Business Reorganization Act and its business saving properties. Attorney Cowen has observed the damage done to businesses by the pandemic and has made himself available to all California business owners and operators who are looking to save their businesses and/or increase the profits they take home each month.
Steven E. Cowen , Esq.
Debt Got You Up Late? You're Not Alone.
According to Google Trends, Online Searches For Debt Restructuring and Bankruptcy Peak at 3:40 AM Daily.
Google Trends reveals that online searches for debt reorganization and bankruptcy routinely peak between 1:00 AM and 4:00 AM each night—highlighting the sleepless nights many business owners face due to financial strain. Late-night anxiety about debt is a widespread concern, with data showing these hours are often spent searching for answers and relief.
Our service offers a clear path forward, guiding businesses through restructuring with practical solutions designed to ease stress and restore financial control. By tackling debt together, we help transform restless nights into confident decisions, ensuring your business navigates the challenges and thrives in the future.
-Service Area-
We Serve Business Owners Statewide in California.
Wherever you’re running your business in California, we’ve got your back. Our team is here to make legal support straightforward and accessible. If you’re facing debt challenges or considering restructuring, count on us to be your practical partners. Your success is our priority, no matter where you are in the Golden State – because every business deserves a clear path to thrive.
Do You Have Further Questions? Our Frequently Asked Questions Page Has More Information:
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 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.
Put an End to "Doom Scrolling."
According to Google Trends, Interest in Debt Restructuring and Bankruptcy Peaks at 3:40 AM Daily.
Late-night anxieties about debt haunt many business owners. The data shows that sleepless nights are often spent grappling with the financial strain that debt brings. Our service offers practical relief, guiding businesses through restructuring with a straightforward approach. We provide solutions to ease the burden, helping you regain control of your financial future. Our goal is to turn those restless nights into a confident path forward, ensuring that your business not only survives but thrives.
Do You Have More Questions?
Our frequently asked questions page contains more information. A link to our frequently asked questions page is below.