Are you or a loved one unable to pay your debts? Read these commonly asked chapter 11 bankruptcy questions, then call our Tampa Bay lawyers.
1) Chapter 11 Bankruptcy Eligibility
Recently, a client asked who can file a Chapter 11 case. The answer is that almost anyone can, including a business or an individual. It’s a rare situation when an individual files a Chapter 11, but it does happen. Typically, it’s a business bankruptcy because it involves a debt reorganization, and it’s very complex. Our job here at Perenich Law Injury Attorneys is to make the complex simple and efficient for our clients.
If you have questions about whether a Chapter 11 is right for you or your business, pick up the phone and give us a call. We are happy to meet with you.
2) Chapter 11 Bankruptcy Requirements
Once in a while a client will ask whether the business has to be in operation during a Chapter 11 case. The short answer is, probably. If the company’s not actually in business, it may be better to consider a Chapter 7. I really must stress, however, that every situation is different and it requires a careful consideration of all the facts for the debtor – the assets, liabilities, the monthly income, the expenses – and a thoughtful strategic planning session with the client.
I’ve been representing bankruptcy debtors for about 30 years throughout the state of Florida. I provide a free consultation. I’m happy to help.
3) Preparing for Chapter 11 Bankruptcy
Sometimes, I’m asked what the best way to prepare for filing a Chapter 11 is. It’s a difficult question to answer without a careful consideration of that person or that business’s finances. There are some things that can be done prior to filing, but they have to be done judiciously and carefully. The best thing that a person can do when considering Chapter 11 for themselves or their business is to pick up the phone and give us a call. We’ll sit down with you to talk about whether Chapter 11 is right for you and the best things that can be done before the case is filed.
Are you or a loved one unable to pay your debts and have questions about Chapter 11 bankruptcy? After reading these commonly asked chapter 11 bankruptcy questions, contact our experienced Clearwater Bankruptcy Lawyers at Perenich Law Injury Attorneys today for a free consultation and case evaluation.
Our Florida law firm helps those struggling with debt see the light at the end of a dark tunnel. Let us navigate it for you.
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