With respect to bankruptcy matters, the Firm has extensive experience and expertise in representing both creditors and debtors in commercial bankruptcies. Chapter 11 bankruptcy is generally considered the appropriate form of bankruptcy for businesses seeking bankruptcy protection.
Chapter 11 bankruptcy plans can range from straight liquidation plans where the debtor proposes to surrender or sell off all assets and pay whatever it can on its debts, to plans which propose to reorganize the business and pay all debts in full.
A Chapter 11 reorganization bankruptcy provides debtors with a greater opportunity to retain their assets if they agree to pay off their debts according to a plan approved by the bankruptcy court. If the debtor fails to adhere to the plan, the court may still order liquidation
If your company or business is facing financial distress, contact us today to discuss your commercial bankruptcy options.