If your small business is facing financial challenges and finding it difficult to keep your creditors at bay, you may be uncertain of your options. A Chapter 11 bankruptcy filing allows you to keep your business going but put an end to continual calls and letters and prevent creditors from taking legal action against you. You want an experienced lawyer to help you through the process who knows the law and helped others in the circumstances like yours.
At the law office of Perry O’Brian, we have focused our practice on bankruptcy for more than 36 years. We have comprehensive knowledge of the rules of bankruptcy and know the legal trends. Our goal is to simplify the process as much as possible with every client, minimizing stress and anxiety. We built our practice on a commitment to responsive, efficient legal counsel, promptly returning your calls, and completing the process in a timely, cost-effective manner.
A Chapter 11 bankruptcy proceeding is also known as business reorganization. It allows corporations, partnerships, and other business entities to reorganize their debts. Only individuals can file a Chapter 13 bankruptcy, so Chapter 11 is the only chapter available to corporations and non-individuals.
In certain cases, individuals may need to file Chapter 11. For example, an individual may exceed the debt limits and cannot file a Chapter 13 bankruptcy or want to take advantage of the benefits of Chapter 11 that are not available in Chapter 13, such as rewriting long-term secured debt.
We handle all matters related to a Chapter 11 bankruptcy filing, preparing and filing all necessary documents throughout the process, and acting as your representative with creditors, the bankruptcy trustee, and the court. We help you put together a reorganization plan to submit to creditors and review all proposed repayment arrangements to ensure they are in your best interest.