Chapter 11 is typically used for business bankruptcies and restructuring. It is not commonly used by individual consumers since it is far more complex and expensive to pursue. It allows businesses to reorganize themselves, giving them an opportunity to restructure debt and get out from under certain burdensome leases and contracts. Typically a business is allowed to continue to operate while it is in Chapter 11, although it does so under the supervision of the Bankruptcy Court and its appointees.

Should I hire a Chapter 11 Bankruptcy Attorney?

If you are a consumer or business facing foreclosure, lawsuits, liens, repossession or wage garnishment, an experienced Chapter 11 bankruptcy attorney can find the best option to help eliminate your debt and give you a fresh financial start.

Frequently Asked Questions

• I want to know if I qualify for bankruptcy – what are the eligibility requirements?
  Depending on the type of bankruptcy proceedings that you wish to file, there are different eligibility requirements that are set by federal law, and thus apply equally to all states.  For … more
• Can I file for bankruptcy every few years?
  No. Once a discharge is granted, a debtor who filed under Chapter 7 or 11 is prohibited from filing for another 6 years. However, a debtor who filed under Chapter 7 can file a chapter 13 before … more
• What is a Bankruptcy Trustee and who is The United States Trustee?
  In all chapter 7, 12, 13 and in some chapter 11 cases, a case trustee is assigned. In chapter 7 cases they are called Panel Trustees. In chapter 12 and 13 cases they are called Standing Trustees. … more