Chapter 11 is a federal process that allows a business to restructure its debts while it continues to operate. It puts many of the financial pressures on hold as the business works with its creditors to move forward.
A business under financial stress may use Chapter 11 or the possibility of a Chapter 11 to negotiate with its landlord, vendors, banks, employees and anyone else looking for money from the business.
If your business is experiencing financial challenges, we have a team to assist you. We have the experience and the expertise to help your business.
Chapter 11 provides a federal court process to assist individuals work through financial difficulties if they do not qualify for a Chapter 13 plan.
Anyone that owes more than $419,000 in unsecured debtor or $1,256,000 in secured debt does not qualify for Chapter 13. Chapter 11 is an option to help them restructure their debts.
There is also a new Subchapter V under Chapter 11 that provides powerful help to individuals that owe less than $7,500,000.
We have the experience to help individuals work through the Chapter 11 process.