Filing Chapter 11 Bankruptcy
At Blanton Law, P.A., we handle all types of bankruptcy filings, some of which can be quite complex. For many people, a simple Chapter 7 filing may not suffice, and some may not qualify for a Chapter 13 filing. At our office in Venice, Florida, we help people and business owners decide what the best course of action is.
Chapter 11 bankruptcy filings exist for individuals and businesses that wish to restructure their debt. Many businesses choose this “debt reorganization” bankruptcy because it will allow the business to keep operating under the oversight of the bankruptcy court. For individuals and couples filing Chapter 11 (also known as a “Super 13”), it could allow them to renegotiate the terms of debts owed on investments.
Business Bankruptcy Lawyer Serving Bradenton And All Of Manatee County
Unlike a Chapter 7, where business assets are liquidated and sold, a Chapter 11 bankruptcy allows the business owner to continue to run the business while formulating a plan to shed debt and return the company to profitability. To get through a Chapter 11 bankruptcy, the owner may have to break contracts, lay off employees and renegotiate loans with his or her creditors.
If you are a business owner, it is best to hire an attorney who knows the law and can handle delicate negotiations with creditors. We know what your reorganization plan will have to include to satisfy the court and your creditors.
Is Chapter 11 The Right Chapter For You? We Can Help You Choose.
Contact Blanton Law, P.A., to discuss your bankruptcy and debt relief options. Our team of attorneys and paralegals can help you decide which chapter is the right fit or if alternatives to bankruptcy are available. Call 941-584-4263 or 888-610-0968 to schedule a free consultation.
We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.