Chapter 11 Bankruptcy

Chapter 11 is most often used by businesses, no matter if they are a sole proprietorship or a corporation. In Chapter 11, the business goes through reorganization to bring their financial situation under control.

In Chapter 11, a business or individual will still maintain a level of control over the assets, although they may be overseen by the court. If you file Chapter 11, you will have an automatic stay and can focus on restructuring your business back towards financial viability. All debt collection attempts are halted to give you the opportunity to rebuild without constant harassment. Contact Mr. Altholz's office for more information.