Goal of Chapter 11 Bankruptcy

Answer:

Occasionally, clients will ask what the goal of a Chapter 11 is. The goal of a Chapter 11 is to reorganize the business, to make the business more viable. Sometimes, it entails the streamlining of certain debts or the sale of certain assets. There are many different options that can be pursued in connection with a Chapter 11 case. The best thing that I could recommend is to pick up the phone, if you’re considering a Chapter 11 for yourself or for your business, and give us a call. I’m happy to sit down and go through your case carefully to determine whether your company or you are a good candidate for bankruptcy. I’m happy to help