Chapter 11 Bankruptcy Attorney
FILING FOR BANKRUPTCY IS YOUR LEGAL SOLUTION TO A FRESH START
SEE IF YOU QUALIFY
Our Chapter 11 Bankruptcy Attorneys can offer these type of benefits
Chapter 11 Bankruptcy Benefits
Our Bankruptcy Process
What is Chapter 11 Bankruptcy?
This is referred to as “reorganization bankruptcy” because it is for companies that wish to operate, but need time to restructure their finances to pay the bills. By using chapter 11 you can restructure debts, collect payments for offenders and maintain your business.
People can also use Chapter 11, but businesses and partnerships are more frequently used. Chapter 11 can often be an attractive option if your company is drowning because of too much debt.
The primary goal of a case in Chapter 11 is the approval of the court of bankruptcy for a reorganization plan. Depending on whether they are secured, unsecured, or prioritized against other creditors, your debtors will be split into different groups.
It might be difficult to get your creditors to accept the reorganization plan. Some situations are where the plan can be pushed against your creditors, but usually the effective procedure is to seek ways to negotiate and get the creditors to approve the plan to reorganize.
Why File Chapter 11 Bankruptcy With Us
Our team of 30+ experienced Attorneys and legal professionals are committed to providing our clients with hope and guidance when facing debt challenges. We do this with compassion and understanding, believing that our clients’ needs in a specific case are unique to their situation and can be managed through legal alternatives up to and including bankruptcy. Our professionalism and superior services are offered to our clients to help with ending the difficult battle with ever-growing debt management issues. LG LAW has consistently provided our clients with the tools and information necessary to achieve the best possible outcome for debt related problems.
REAL WORLD RESULTS
“Getting into debt was easy… But getting out of debt was overwhelming. LG LAW helped me clear my debt and gave me a fresh start.”
– James F 2016 client
“Excellent waiting room. Staff was very friendly and very knowledgeable. Good Job Guys!”
– Maria M 2009 Client
Who Should File a Chapter 11 Bankruptcy?
Both individuals and businesses can file a Chapter 11 bankruptcy, but is more commonly filed by businesses. One of the downsides to a Chapter 11 case is that it can be fairly complex and time-consuming. However, it may be the only bankruptcy option for some businesses.
Chapter 13 has strict debt limitations that makes many debtors ineligible to use it, and it cannot be used by a partnership or a corporation. A Chapter 7 filing can be used by a business, but may result in the liquidation of business assets. This leaves Chapter 11 as the best option if the filer wants to continue running the business.
In order for a Chapter 11 case to end in a successful outcome, pre-bankruptcy planning is extremely important. Chapter 11 cases can be complicated, but they can also save your business and keep you in charge of your future. Consult with a California bankruptcy attorney to learn more about how you can prepare for a successful Chapter 11 bankruptcy.
The LG LAW Ontario Bankruptcy Department can help you decide whether a Chapter 11 bankruptcy is the right choice for you. Contact us to request your no-cost consultation with one of our experienced legal advocates.
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