Chapter 11 Bankruptcy
How a Chula Vista Bankruptcy Lawyer Can Help
Chapter 11 bankruptcy is typically filed by businesses, corporations, and
also by individuals with large amounts of debt and high assets who do
not qualify to file under Chapter 13 bankruptcy. Although complicated
and limited, Chapter 11 offers a good path for businesses and people who
are facing certain unique circumstances. Our bankruptcy attorney in Chula
Vista can help you examine your options and determine if Chapter 11 is
the ideal course of action for you.
How can Chapter 11 bankruptcy resolve my business debt?
In Chapter 11 bankruptcy, the goal is to find a reorganization plan that
will be approved by a bankruptcy court. This plan will set out exactly
how you will repay what is owed, serving essentially as a contract. If
and when your bankruptcy plan is accepted, you will be headed towards
financial relief and a chance to start again. In most cases, your
Chapter 11 bankruptcy proceedings may take up to 2 years, depending on your circumstances. During this time, you may still be allowed
to continue your business operations with limited control, if the court consents.
Our team at Denton Law Group can help you create a feasible plan that will
enable you to achieve the fresh start you need. We believe that preparation
and planning is key to a positive outcome. By working hard to create a
thorough plan complete with extensive documentation, we set our clients
up for success.
Bankruptcy Can Offer a Fresh Start – Call to Receive a Free Case Consult
Many successful businesses and companies have filed Chapter 11 bankruptcy
at some point, including:
- Six Flags
- United Airlines
- Samsonite
- General Motors
- Abercrombie & Fitch
If you are considering Chapter 11 bankruptcy, you are in good company.
Don't view bankruptcy as a death sentence, but as a fresh starting
point and the chance to begin again.
Call Denton Law Group today to learn more in a free consultation.
