Businesses typically reorganize under Chapter 11 bankruptcy filings. While also available for individuals, Chapter 11 allows businesses to reorganize their debt while continuing operation. In addition to businesses, individuals with debts exceeding $1.5 million are usually best served with a Chapter 11 bankruptcy in Florida.
Chapter 11 allows a debtor to develop a plan to pay off their debts. This plan is approved by creditors, unless they pass certain test which allow for a “cram down” of the plan.
A free consultation will allow us to review the specifics of a Chapter 11 bankruptcy filing and how it would affect you and/or your business.
Find out if a Chapter 11 bankruptcy filing is right for you. Contact us via phone, email, or our contact formfor a free confidential initial consultation.
Let us help determine if Chapter 11 bankruptcy is right for you.