Chapter 11 Bankruptcy
Chapter 11 Bankruptcy is most often sought and granted in cases where it is believed that the value of the business would be maximum if the business is reorganized and managed differently or sold as a going concern. By preventing creditors from seeking the repayment of all debts simultaneously and providing access to credit, a Chapter 11 Bankruptcy allows the business to continue functioning. Many businesses emerge stronger and more profitable after being reorganized under a Chapter 11 Bankruptcy.
We will be happy to help.
In order for the plan to be confirmed, the plan must be approved by the court and many if not all of the creditors. The counsellors at Rowena N. Nelson, LLC will help you not only with the process of filling for the Chapter 11 Bankruptcy but also with the legal aspects of the reorganization plan to ensure that it passes the scrutiny of the court.