Chapter 11 is a reorganization bankruptcy for businesses that are facing financial distress, or for certain individual debtors who may not benefit from other types of bankruptcy. With Chapter 11, many businesses are able to continue their operations and their restructure finances under the supervision of the court.
Chapter 11 is less common than Chapter 7 or Chapter 13 and often more complex because debtors must typically secure consent from creditors before confirming a bankruptcy plan, unless a judge issues a cram down.
Advantages of Chapter 11 reorganization bankruptcy:
The Law Office of Kimberly A. Sheek can provide comprehensive guidance through each step of the process. From the initial consultation all the way to the resolution of your debts, we educate you about your options and find unique solutions to your financial challenges.
Businesses with heavy debts and financial obligations may be able to benefit from Chapter 11 bankruptcy. We can evaluate whether your business has the potential to remain a viable entity and if filing Chapter 11 can lead to increased profitability in the future.
Chapter 11 may be a solution to your debt if you have debts or income that exceeds the limits in Chapter 7 and Chapter 13.
The Law Office of Kimberly A. Sheek has more than a decade of experience in bankruptcy law. We can assess your situation and provide you with effective relief from your financial difficulties.
We listen to our clients. Call (704) 842-9776 and tell us more about your debt.