West Palm Beach Chapter 11 Bankruptcy Lawyer
When a business is facing a significant amount of debt, Chapter 11 bankruptcy is one option that is available to help resolve outstanding debts and gain a fresh financial start. In contrast to Chapter 7, which offers bankruptcy through liquidation, Chapter 11 bankruptcy is a reorganization process that helps businesses minimize expenses and pay back their debts.
If you are involved in a sole proprietorship, partnership, or other business entity and you are struggling with overwhelming debts, Chapter 11 bankruptcy may be the ideal option for you. To learn how our West Palm Beach Chapter 11 bankruptcy attorneys can assist you throughout your proceeding, contact Eric N. Klein & Associates, P.A., today by calling 561-353-2800.
Chapter 11 Practice Areas
While Chapter 11 bankruptcy is available for both companies and individuals, it is typically used by business entities. An advantage to Chapter 11 over Chapter 7 is that businesses are not forced to liquidate their assets and end the business. Instead, the business can continue to function while reorganizing and restructuring in order to boost profits and eliminate debts.
At Eric N. Klein & Associates, P.A., we have experience assisting businesses with all steps of the Chapter 11 bankruptcy process, including:
- Filing for Chapter 11 bankruptcy
- Drafting a plan of reorganization
- Submitting a plan of reorganization
- Contesting creditor opposition
In addition, an experienced attorney can help to uphold the automatic stay injunction that bankruptcy provides. The automatic stay prevents creditors from contacting you or harassing you for payment once you have filed for bankruptcy. If a creditor violates the automatic stay, an attorney can handle communications on your behalf and report violations to the court to penalize the creditor.
How We Can Help
Our West Palm Beach Chapter 11 bankruptcy lawyers know how complex a bankruptcy proceeding can be and we are prepared to guide you through every step of the process. When you are facing a large amount of debt, we understand how important a second chance is for the future of your business. Our attorneys are committed to helping you submit a thorough and timely filing under Chapter 11 so that you can begin to reorganize and restart your business on the right track.
To learn more about Chapter 11 bankruptcy and how a West Palm Beach Chapter 11 bankruptcy lawyer can assist you with the filing and reorganization process, contact Eric N. Klein & Associates, P.A., at 561-353-2800.