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Chapter 11 Bankruptcy Requirements

Watch this video to learn about chapter 11 bankruptcy requirements in Florida. Then call Perenich the Law Firm for a free legal consultation.

Question:

What requirements have to be met for a business to file a chapter 11 bankruptcy?

Answer:

Chapter 11 Bankruptcy RequirementsOnce 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.

 


Are you or a loved one unable to pay your debts and have questions about Chapter 11 bankruptcy requirements? 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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