What is a Chapter 11 Bankruptcy?
Fresno Bankruptcy Lawyers Helping to Reorganize Debt
Among the more common forms of bankruptcy, Chapter 11 is the most versatile.
Virtually anyone can file, whether you're an individual, corporation,
partnership, or LLC. Chapter 11 is built upon debt restructuring instead
of debt elimination. For a small business, a Chapter 11 bankruptcy allows
you to keep your operations running. For individuals, it allows you to
Chapter 11 differs from Chapter 13 in these ways:
- No income requirement
- No debt limitations
- No restrictions on who can file
- No trustee requirement
- No time limits on repayment plan
Though Chapter 11 offers more flexibility than Chapter 13, that versatility
comes at a price. Generally speaking, a Chapter 11 bankruptcy is more
complicated and expensive to file than a Chapter 13. Additionally, some
debts that can be discharged in a Chapter 13 bankruptcy
cannot be discharged in a Chapter 11 bankruptcy.
Learn more about how we can help by
contacting our Fresno bankruptcy lawyers today.
Our Fresno Bankruptcy Lawyers Handle Chapter 11
At Fear Waddell, P.C. we have filed more than 1,000 bankruptcy cases in
the last decade. Unlike many bankruptcy attorneys in Fresno, we handle
business and consumer bankruptcies, giving us extensive experience with
Chapter 11. After carefully evaluating your financial position, we can
help you decide which option is best for you.
You'll find that Fear Waddell, P.C. is big enough to tackle the most
complex cases but small enough to maintain the personal touch. Two of
our Fresno attorneys are certified specialists in bankruptcy law by the
State Bar of California. They teach other lawyers throughout central California
about the intricacies of bankruptcy law. If that's the kind of experience
and expertise you want guiding your financial future, contact the firm
today by filling out a
free case evaluation.
Call (559) 418-3022 to reach us; the initial consultation is free!