Business Details
Your Trusted Chicago Bankruptcy Attorney for Business Solutions
EZ Business Bankruptcy & IRS Solutions is a legal practice dedicated to guiding businesses and individuals through complex financial challenges. With over 30 years of experience, our founder Eric Zelazny combines expertise as a certified public accountant (CPA) and bankruptcy attorney to deliver tailored solutions for debt reduction, loan negotiations, and bankruptcy proceedings. We specialize in navigating SBA EIDL and PPP loan issues, IRS disputes, and business restructuring, serving clients across industries including healthcare, real estate, and professional sports.Our approach prioritizes client education, transparent communication, and strategic advocacy to protect assets and restore financial stability. Recognized as a Certified Expert Witness and member of Lawyers of Distinction, we uphold rigorous professional standards while maintaining a compassionate, client-centric ethos. Our team has successfully represented diverse clients ranging from small-business owners to Major League Baseball team owners, adapting to evolving economic landscapes since our founding.
Services
Business Bankruptcy
SBA EIDL Loan Help
Chapter 7 Filings
Debt Settlement
IRS Debt Negotiation
Loan Forgiveness
Financial Restructuring
Personal Bankruptcy
Creditor Negotiations
Asset Protection
Highlights and features
- Dual expertise as CPA and Bankruptcy Attorney ensures comprehensive financial-legal solutions
- 30+ years representing diverse industries in complex bankruptcy cases
- Free initial consultations with personalized debt relief strategies
- Certified Expert Witness status demonstrating litigation proficiency
- Proven success with SBA loan modifications and EIDL debt reduction
Associations and certifications
- Certified Public Accountant (CPA)
- Certified Expert Witness
- Lawyers of Distinction
What people say
Seasoned professional
Compassionate and understanding
Knowledgeable about the law
Changed my perception
Outstanding legal service
Services
Business Bankruptcy
Our business bankruptcy services help companies eliminate or restructure debts through Chapter 7 liquidation or Chapter 11 reorganization. We protect client assets while negotiating with creditors and ensuring compliance with federal bankruptcy codes. Our CPA-led approach optimizes financial outcomes for struggling businesses.
SBA EIDL Help
Specialized assistance with SBA Economic Injury Disaster Loans includes payment restructuring, settlement negotiations, and liability protection. We address personal guarantee risks and develop strategies to manage loan obligations while preserving business continuity.
Chapter 7 Filings
We guide businesses through Chapter 7 bankruptcy to discharge unsecured debts when closure is inevitable. Our process ensures efficient asset liquidation while protecting owners from post-bankruptcy liability through meticulous compliance with discharge requirements.
Debt Settlement
Our debt settlement services negotiate reduced payoff amounts with creditors outside bankruptcy court. This approach preserves business credit while creating manageable repayment plans tailored to current financial capabilities and operational needs.
IRS Debt Negotiation
We resolve back taxes and payroll liabilities through offers in compromise, installment agreements, or penalty abatements. Our dual CPA-attorney expertise ensures comprehensive solutions for federal tax debt while protecting business assets.
People
Eric Zelazny
Founder & Managing Partner
Certified Public Accountant and bankruptcy attorney with 30+ years experience. Former KPMG accountant and Harvard-ranked law school graduate. Teaches business bankruptcy to attorneys and serves as expert witness in complex cases.
Questions
Can SBA EIDL loans be forgiven?
No, EIDL loans aren't forgivable like PPP loans. However, we can negotiate repayment terms or settlements with the SBA.
What happens if I can't repay my SBA loan?
Contact us immediately to explore loan modifications, settlements, or bankruptcy protection before default consequences escalate.
Are business owners personally liable for EIDL loans?
Loans over $200,000 require personal guarantees, putting assets at risk. We help minimize liability exposure through strategic interventions.
Can bankruptcy keep my business operating?
Yes, Chapter 11 reorganization or strategic debt settlement often allows continued operations while resolving financial distress.
How does PPP debt affect bankruptcy options?
PPP loans have specific forgiveness criteria. We analyze your situation to determine optimal bankruptcy timing and strategy.
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