Is Chapter 11 The Right Choice For You?
Chapter 11 bankruptcy is an option for both individuals and businesses to effectively deal with their debt. We handle Chapter 11 bankruptcy filings mostly for individuals who will need more time to pay off a debt than they would have under Chapter 7. Our experienced lawyers can evaluate your situation, and if Chapter 11 is the right choice for you, we will guide you through the process, which includes the following steps:
- Filing your bankruptcy petition with the appropriate court
- Working on a debt reorganization plan
- Confirming and discharging any remaining debts
While this specific chapter of bankruptcy is sometimes associated with business bankruptcy on behalf of larger businesses and corporations, it can also work for individuals who are in business as well — for example, a real estate agent who owns several houses. Our team can identify your legal options and determine if your company can benefit from the protections offered by Chapter 11.
Achieving A Better Financial Future
Bankruptcy may not be your first choice, but it could be an optimal way for you to protect your company and ensure that you can continue operations long into the future. If your business cannot manage debt obligations and is no longer profitable, we can help. Call our Ellicott City, Maryland, office at (443) 539-8712 or complete the online contact form to schedule a case evaluation with an attorney. We offer free initial consultations in bankruptcy cases.