Chapter 11 Bankruptcy
Our Chapter 11 Bankruptcy attorneys can help handle debt reorganization related to your business.
In times of economic hardships, even the most successful, intelligent business owners/operators may find themselves struggling to meet certain business debt obligations. Understanding what Chapter 11 can do for your business is important, Wooden Law Firm is here to help answer your questions and find a solution.
What Is Chapter 11 Bankruptcy?
Chapter 11 Bankruptcy, also called business bankruptcy, is commonly used to reorganize debt involving a corporation or partnership. Chapter 11 may be an option to set up a repayment plan allowing business owners and operators to continue to operate their business with the oversight of a trustee regarding any new obligations which may affect repayment plans.
Do I Qualify For Chapter 11 Bankruptcy?
Chapter 11 is ideal for businesses that have accrued debt and need a reorganization to keep day to day operations running. Upon filing, pending collection efforts, litigation or repossessions must be discontinued.
Wooden Law Firm is accomplished and will provide guidance through the process of establishing a debt repayment plan for your business. With over 25 years of experience in the Chattanooga area, our bankruptcy attorneys will work to get your business plan back on track.
Contact Wooden Law Firm today to discuss Chapter 11 Bankruptcy.