Chapter 11 Corporate Bankruptcy Attorneys in South Florida
Supporting Clients from Offices in Pompano Beach & Miami
Chapter 11 Bankruptcy is a business bankruptcy for those that have high
debts and/or high
asset. Chapter 11 is a more complex bankruptcy that can take the form of either a
reorganization or a liquidation depending on the situation. Recently, Congress passed
Subsection V of Chapter 11, which created a more streamlined approach for certain debtors to
undertake the Chapter 11 process. Chapter 11 offers a variety of methods for a debtor to
negotiate with creditors and restructure or eliminate obligations. As with all bankruptcies, it is
imperative that you speak with an experienced bankruptcy practitioner about filing a Chapter
11 prior to moving forward. The professionals at Bilu Law are here to guide you through this
process to help you get the fresh start that you and your business deserve.
What is the Difference in Bankruptcy Between a Liquidation and a Reorganization?
The Bankruptcy Code offers options to a debtor on how to deal with debt issues. The primary
choice facing most debtors is whether they should liquidate or reorganize. This is a complex
question, but it is important that a debtor understand these terms.