Chapter 11 Bankruptcy Attorney
If you have questions about Chapter 11 bankruptcy and whether it’s a good fit for your situation, you want to align yourself with a knowledgeable, experienced bankruptcy lawyer. When you call my office, you won’t get shuffled from paralegal to paralegal like at bigger, less personal firms. You’ll talk with me. As one of the most successful Chapter 11 bankruptcy attorneys in California, I’ve gained a reputation as a “Chapter 11 Expert” because of my results in bankruptcy court.
Chapter 11 is the most powerful bankruptcy and can do some amazing things to reorganize your personal finances, business, and real estate loans. The truth is less than 10% of bankruptcy attorneys will ever file a chapter 11 in their entire career. I, on the other hand, am one of the largest chapter 11 bankruptcy filers in California and have mastered the process.
When we talk, I’ll take the time to listen to all your questions and concerns and to give you sound legal advice for your specific situation. In general, though, the following information can help you understand more about filing for Chapter 11 bankruptcy in California.
How Chapter 11 Bankruptcy Works
Chapter 11 bankruptcy is commonly known as “reorganization bankruptcy “and is ideal for individual and business debtors who want to reorganize but owe too much money to meet the eligibility requirements for Chapter 13 bankruptcy. When you file for Chapter 11 bankruptcy, here’s what you can expect:
- You can restructure your debts, proposing a repayment plan based on your income and other factors.
- You can catch up on past due payments to creditors, buy time before selling property that has equity, or handle overdue tax bills.
- You can keep your business running, improve your profitability, and get caught up—all at the same time.
- You can hold on to your real estate at market value and market interest rates with a mortgage cramdown.
- You can save personal homes, investment properties, and corporate buildings.
Once you’ve decided to file for Chapter 11, you need a top-notch bankruptcy lawyer on your side. As part of filing for Chapter 11 bankruptcy, you and I will work together to compile and present the bankruptcy court with all the necessary documents, including schedules of assets and liabilities, a schedule of current income and expenditures, a schedule of executory contracts and unexpired leases, and a statement of financial affairs.
I’ll be right there with you at every turn, making sure every “T” is crossed and every “I” is dotted. Together, we’ll get your finances back on track. Contact me today to schedule your free initial consultation.
Do I qualify for Chapter 11 bankruptcy?
Everyone qualifies for Chapter 11 bankruptcy. The more important question is if it is the best chapter for you. Most attorneys do not do chapter 11’s so they cannot consider it as an option for you. Every client I talk to I always consider all chapters of bankruptcy to ensure they are getting the best solution. Chapter 11 bankruptcy if you are:
- An individual
- A corporation, sole proprietorship, or partnership.
Debt reorganization via Chapter 11 bankruptcy is an option for you if you want to keep your business operating and making money while you pay your creditors off over time. I’ve worked with thousands of business owners and individuals just like you and, as a veteran bankruptcy attorney, I know how to navigate the process. At our first appointment, I’ll explain how it works, how you stand to benefit, and where we go from here. Let’s get started.
How does Chapter 11 bankruptcy affect my credit?
When you file for Chapter 11 bankruptcy, the bankruptcy can show up on your credit for 10 years from the date of filing. This doesn’t mean that you won’t be able to apply for and receive credit—just that you may not be given the most favorable interest rates. However, within just a few years, your credit score can be fairly respectable. When you set up your free consultation with me, we can talk through the ins and outs of how bankruptcy affects your credit and strategize ways to rebuild your credit—starting immediately.
If I think I want to file for Chapter 11 bankruptcy, where do I start?
If you are a small or large business or an individual with significant debts or assets that place you outside the parameters for Chapter 13 bankruptcy, you owe it to yourself to consider filing for Chapter 11 bankruptcy. Filing for Chapter 11 bankruptcy can be a difficult, complicated, and often lengthy process—don’t go it alone and don’t go with an inexperienced bankruptcy lawyer. With more than 5,000 bankruptcy cases under my belt, I’ve pretty much seen and done it all. Contact me and we’ll set up a time to meet and discuss your debt issues; I look forward to meeting you and learning about your unique situation.