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Chapter 11 Lawyer in California

Is your business no longer able to pay its debts?

Chapter 11 or "reorganization" bankruptcy is generally used to reorganize a business.  The individuals operating the business may reach a point where they are no longer confident that they can pay their debts.  This Chapter allows you to reorganize your business and its finances so that your debts can be resolved.  It also provides, however, for you to continue to operate your business and return it to a profitable status.  Although this area of bankruptcy can be a complicated process, with the assistance of a hard-working and experienced California bankruptcy attorney, you may once again operate your business in a manner that shows profit.

The most vital part of Chapter 11 is your bankruptcy plan.  It details which creditors will be paid, puts creditors into similar classes in order to prioritize payments and generally reorganizes your business and financial affairs.  Through the years we have helped tens of thousands of individuals successfully reorganize their finances.  If given the opportunity, we would like to put our successful experience to work for you.

Is it time to make a decision?

At Price Law Group, we do understand that filing for bankruptcy can be a tough decision.  On the other hand, failing to take decisive action when needed can be costly as well.  At times, we have found that bankruptcy is surrounded by myths that put it in an unfavorable light.  Here are key points to explain what will occur in a Chapter 11 case:

  • Filing a bankruptcy petition which properly makes your case for Chapter 11
  • Preparing and filing your bankruptcy plan
  • The appointment of a creditors committee who will review your plan
  • Establishing a period of time in which the financial pressures you now face will be held off
  • Filing a complete disclosure statement on your financial affairs
  • Correctly implementing your reorganization plan
  • Prompt and aggressive handling of any adverse motions filed against you by creditors

Contact a Chapter 11 Lawyer in California today!

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