WHAT YOU NEED TO KNOW ABOUT FILING A CHAPTER 11 BANKRUPTCY
Fred Wehrwein, P.C. can help provide debt relief for individuals and businesses as they file bankruptcy. Designed specifically for businesses, Chapter 11 Bankruptcy is typically the proper choice for small businesses that need to reorganize debts. If you want to file a Chapter 11 bankruptcy or have questions about filing, please call us at 260-480-5700 or visit our office in Fort Wayne, Indiana.
WHAT IS CHAPTER 11 BANKRUPTCY?
Chapter 11 bankruptcy of business reorganization may be the best choice you can make when your company cannot meet its obligations. Chapter 11 bankruptcy provides your business a reorganization plan to restructure the debts and get out from under certain troublesome contracts or leases. Generally, using a Chapter 11 bankruptcy allows your business to operate while under the protection of the Bankruptcy Court. However, this must be determined by the Bankruptcy Court. Intended for almost all businesses, including sole proprietorships, partnerships, corporations, and limited liability companies, a Chapter 11 bankruptcy can provide your business with immediate debt relief. Chapter 11 business bankruptcy typically offers flexibility in dealing with creditors. The business filing a Chapter 11 bankruptcy is given an exclusive period to file a written plan and a disclosure of how the plan will materialize and be completed. While this is taking place, the protection of the Bankruptcy Court exists, and collection efforts against the business are ceased.
YOUR CHAPTER 11 BANKRUPTCY SPECIALIST
At Fred Wehrwein, P.C., bankruptcy protection is our specialty. Since 1984, we have helped many small businesses reorganize debts. Don’t let your debt overwhelm you. We can assist in helping you discharge your debts and get your financial life in order. We represent small businesses in Chapter 11 Bankruptcy as we help you deal with creditors and keep your business running. Let’s work together to get your business back on the right track.