What Is Chapter 11 Bankruptcy?
A Chapter 11 bankruptcy allows you to restructure and repay debt by working with your creditors to develop a repayment plan that has a reasonable chance to succeed. At first glance, that sounds easy. However, Chapter 11 bankruptcies are some of the most complex cases in bankruptcy law. You must provide proof, through disclosures and documentation, that your business or family has an excellent chance of viability should you obtain relief. Our bankruptcy law team will help you evaluate whether Chapter 11 bankruptcy is right for you, stay by your side during the process, and help you obtain the best possible outcome. Get started today.
How Can A Chapter 11 Bankruptcy Benefit Me?
Chapter 11 bankruptcy allows you to restructure bank debt, such as defaulted or mature loans, repay your past-due tax debts, stop a foreclosure sale, strip liens against your real estate assets, and negotiate with your creditors to restructure other types of debt. That’s not all. Instead of turning your business or family finances over to a trustee, you will usually retain control of your financial decisions as “debtors-in-possession.” It’s not an easy road to go down, but our compassionate bankruptcy attorneys will walk with you every step of the way. Schedule your consultation today.
Am I Eligible For Chapter 11 Debt Relief?
Although Chapter 11 proceedings are more common among businesses, it is, nevertheless, available to married couples and individuals. Preparation by a skilled bankruptcy attorney is critical for a favorable outcome. With years of experience helping businesses and families obtain debt relief through bankruptcy, our bankruptcy lawyers can help. Contact us to see if you or your business is eligible for Chapter 11 relief.
If you have found yourself struggling financially and are unsureof what to do next or the best steps to take to begin remedyingthe situation. Call Us Now - (516) 200-3238