Chapter 11 Bankruptcy

Answer:

Whenever I meet with a client considering bankruptcy, I discuss the different chapters in bankruptcy. A Chapter 11 is a business reorganization. It’s a very rare situation when an individual files a Chapter 11. Typically, it’s a business that does it, and I don’t recommend it unless there is a light at the end of the tunnel for the business based on certain things happening relative to cash flow or profitability for the company. It always involves a detailed analysis.

If you have questions about your business and whether a Chapter 11 is right for you, please pick up the phone and give us a call. We’ll sit down at a free consultation, and I’ll give you my recommendations about whether a Chapter 11 is right for you.