chapter 11 bankruptcy
Brooklyn New York Chapter 11 Bankruptcy Attorneys
Chapter 11 bankruptcy is referred to as “business reorganization” bankruptcy. It is specifically aimed at relieving the debts of businesses and corporations. Businesses that file for Chapter 11 are able to continue with almost normal operation as a debtor-in-possession.
Our Chapter 11 bankruptcy attorneys in Brooklyn New York, work closely with financial experts. Our lawyers develop debt restructuring plans that relieve companies of overburdening debt that can interfere with regular business operations. While each case is different, your business may be able to avoid liquidation if a carefully crafted debt reorganization plan is presented and accepted by the creditors’ committee. As a firm dedicated exclusively to bankruptcy law, our attorneys understand what needs to be done in order to salvage what you have worked hard to build.
Over 60 years of Combined Experience in Bankruptcy
Chapter 11 bankruptcy provides a mutually beneficial solution for both businesses and their creditors. Creditors benefit, because they receive a greater percentage of the debt than they would if the business were to be liquidated. Businesses benefit, because they receive a second chance to continue operating, while still paying a portion of its debts.