Filing for Chapter 11 bankruptcy protection can help you experience relief from debt! Simply stated, Chapter 11 is the bankruptcy code that allows for business owners (also typically involving corporations, limited liability companies, or partnerships) to reorganize its debts over a specific period of time. By doing so, business owners can keep their business open and running while they pay off debts and creditors.
According to the U.S. Bankruptcy Code, Chapter 11 is detailed in summary below:
We have helped many local businesses experience success by filing for Chapter 11 bankruptcy. By reorganizing debts into smaller, more manageable repayment increments, you can begin to chip away at debt and make small steps to a brighter, debt-free future.
Because bankruptcy may not be the right solution for every business debtor, we strive to seek customized debt relief solutions that can put you in the best possible position for current and future success.
If your business is currently struggling due to financial hardship, or if you are currently looking to reorganize your debt to keep your business alive, do not wait another moment to speak with our business bankruptcy and Chapter 11 lawyers.Take the first step to a debt-free future by calling (937) 224-4128 today.