Sometimes referred to as corporate restructuring, chapter 11 bankruptcy essentially enables businesses to reconfigure their debts in order to reattain firm financial footing. The bankruptcy attorneys at Todd Cushner & Associates have helped people throughout White Plains to file for chapter 11 bankruptcy, giving their businesses renewed opportunities to thrive.
The Primary Benefits of Filing for Chapter 11 Bankruptcy
Creditor Protection
Filing for chapter 11 bankruptcy prevents creditors from collecting debts, repossessing assets, and garnishing wages.
Flexible
The reorganization plan determined during the bankruptcy process enables you to reach financial stability in the ways most beneficial to your business.
Operational Control
Filing for chapter 11 bankruptcy gives you the power to continue managing your business’s daily operations and making the critical decisions that impact your company.
Learn More: Bankruptcy 101 – Filing for Chapter 11 Bankruptcy
