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A Chapter 11 bankruptcy provides the chance to restructure and repay your debt by forging a repayment plan with your creditors. Despite sounding straightforward, it is one of the most intricate cases within the realm of bankruptcy law. This type of bankruptcy is typically used by businesses or individuals with high levels of debt who are unable to pay their creditors. It allows them to continue operating while also repaying their debts over a period of time.
One key aspect of Chapter 11 bankruptcy is the automatic stay, which halts any collection actions by creditors against the debtor. This means that all legal proceedings, including foreclosures and lawsuits, must come to a stop once an individual or business files for Chapter 11 bankruptcy. This provides some breathing room for the debtor and gives them the opportunity to work out a repayment plan without facing immediate consequences from their creditors.
At Frank & De La Guardia in Florida, our approachable bankruptcy law team is ready to guide you through a thorough evaluation of whether Chapter 11 bankruptcy is suitable for your circumstances. This includes providing detailed disclosures and documentation that demonstrate a promising future should you attain relief. We are with you at every turn, ensuring you achieve the most favorable outcome. Embark on your journey with us today.
Call Frank & De La Guardia at 305-928-1786 to schedule a consultation with a lawyer today.
Chapter 11 bankruptcy offers a path to reconfigure bank debt, including defaulted or matured loans, manage overdue tax debts, halt foreclosure sales, remove liens against your real estate assets, and negotiate with your creditors on debt restructuring. But there's more. Instead of relinquishing your business or personal finances to a trustee, you generally maintain authority over your financial decisions as "debtors-in-possession." It might be a challenging journey, but at Frank & De La Guardia in Florida, our compassionate bankruptcy attorneys are committed to supporting you at every stage. Schedule your consultation with us today.
Navigating through Chapter 11 proceedings can be daunting, not only for businesses but also for individuals and married couples. That's where Frank & De La Guardia in Florida come in. With a rich history of providing assistance to both businesses and families seeking debt relief via bankruptcy, we stand ready to support you.
Our team of experienced attorneys understands the complexities of Chapter 11 bankruptcy and will guide you through the entire process. We are dedicated to helping our clients achieve financial stability and a fresh start.
Chapter 11 bankruptcy is typically used by businesses that want to restructure their debts while continuing operations. However, individuals or couples with large amounts of debt can also file for Chapter 11. This type of bankruptcy allows for more flexibility in creating a repayment plan, as it does not have the same limitations as other types of bankruptcies.
To explore the possibility of Chapter 11 relief for you or your business, we invite you to get in touch with us. Rodolfo De La Guardia and Michael A. Frank, your committed bankruptcy law attorneys in Florida, are just a call away.
Disclaimer: We are a debt relief agency. We are attorneys who help people file for bankruptcy relief under the bankruptcy code.
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Disclaimer: We are a debt relief agency. We are attorneys who help people file for bankruptcy relief under the bankruptcy code.
The information on this website is for general information purposes only. Nothing on this site should be taken as legal advice for any individual case or situation. This information is not intended to create, and receipt or viewing does not constitute an attorney-client relationship.
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