West Chester, PA -- (SBWire) -- 07/22/2020 --The team at West Chester law firm Carosella & Associates understands that insolvency and bankruptcy are complicated issues whether they involve a business or individual. Their bankruptcy lawyers and business attorneys thoroughly evaluate each client's financial situation and provide various options to help them resolve these complex economic matters while ensuring their rights and interests are protected.

Lack of cash flow and an inability to pay debts leads to insolvency. This financial condition can result in bankruptcy, but there are other remedies that may be more appropriate to help you stay afloat. Selling assets, restructuring a company, liquidation, and working directly with creditors are just a few ways that clients can become financially solvent without filing bankruptcy. The business attorneys at Carosella & Associates use their experience and resources to determine which options best fit each client's needs and help them through stressful financial situations every step of the way.

"Financial insolvency is a problem that many people and businesses are facing during the COVID-19 pandemic," says Vincent Carosella, founding partner. "We work closely with clients to review their financial situation and work collaboratively to find solutions that have a significant impact on their quality of life, whether it's saving a family home or keeping a longtime family business afloat."

From reviewing the way a business operates, to helping individuals figure out how to reduce and eliminate debt, the attorneys at Carosella & Associates pursue every possible avenue to help clients explore options available. If bankruptcy turns out to be the best option, they determine whether it is best to file under Chapter 7, 9, 11, 12, 13, or 15, and use an accurate, effective secured electronic system through the bankruptcy court to file cases efficiently.

About Carosella & Associates
For more than 24 years, the skilled team of attorneys, paralegals, firm administrators, administrative assistants and legal secretaries at Carosella & Associates has provided top-quality legal representation for matters in myriad aspects of the law. The full-service law firm has decades of experience in many different areas, including estate planning, business succession planning, commercial and residential real estate, zoning, contracts, bankruptcy, immigration, divorce, and criminal law. Several of the attorneys at Carosella & Associates are licensed to practice law in both Pennsylvania and New Jersey. For more information visit carosella.com.