Learn the essentials of Chapter 11 bankruptcy in 2024. Understand what it entails, who it's for, and how it differs from other bankruptcy forms.
BackgroundA case filed under chapter 11 of the United States Bankruptcy Code is frequently referred to as a "reorganization" bankruptcy. Usually, the debtor remains “in possession,” has the powers...
There are two main types of business bankruptcies in the U.S.: Chapter 7, or “liquidation bankruptcy,” and Chapter 11, or “rehabilitation bankruptcy.”
Business owners who need to restructure their debts. File with an experienced Chapter 11 Bankruptcy Attorney. Call for a FREE consultation.
Municipalities—cities, towns, villages, taxing districts, municipal utilities, and school districts may file under Chapter 9 to reorganize. ; Businesses may file bankruptcy under Chapter 7 to liquidate or Chapter 11 to reorganize. ; Bankruptcy filings that involve parties from more than one country are filed under Chapter 15.
Our experienced Orlando Chapter 11 bankruptcy attorney can review the financial situation of your business and help you determine whether Chapter 11 is right.
Chapter 11 bankruptcy is designed to allow struggling businesses to restructure their finances and maximize the return to their creditors and owners.
Such debtors should consider filing a petition under chapter 11 of the Bankruptcy Code. Under chapter 11, the debtor may seek an adjustment of debts, either by reducing the debt or by extending the time for repayment, or may seek a more comprehensive reorganization. Sole proprietorships may also be ...
Chapter 11 is a type of bankruptcy generally filed by businesses and involves a reorganization of their assets and debts under court supervision.
While Chapter 11 Bankruptcy is a highly complex process, our attorneys assist clients in complying with rigorous requirements and provide cost-effective solutions to facilitate timely resolutions....