Chapter 11 Personal Bankrukptcy Attorneys in South Florida
Visit Us at Our Offices in Pompano Beach & Miami
A Chapter 11 Bankruptcy is an individual bankruptcy for those that have
high debts and/or high
asset. If a debtor does not fit into
other bankruptcy chapters due to the amount of their debt or
the amount of income earned, Chapter 11 can serve to allow the debtor to
deal with their
outstanding debts. 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.