Filing For Chapter 11 In White Plains

Managing financial difficulties can be overwhelming, especially when your business’s future is uncertain. However, Chapter 11 bankruptcy allows your company to reorganize and restructure its debts, potentially leading to a brighter financial future. Learn more about the advantages of Chapter 11 and when it might be the right time to consider this option. 

Understanding Chapter 11 Bankruptcy

A Chapter 11 bankruptcy allows businesses to restructure their debts under court supervision. Unlike Chapter 7, which involves liquidating assets, Chapter 11 allows businesses to restructure their payments while keeping their doors open. Over time, this process can help a business regain profitability and pay off outstanding debts. 

United States Courts

When To Consider Filing for Chapter 11

If your business needs temporary relief from creditors, Chapter 11 can be an excellent opportunity to make that happen. It’s also the best option if your company has assets and operations worth more if they continue running instead of being immediately sold off. During the process, you’ll have a chance to restructure debts, improve your cash flow, and become profitable again. 

bankruptcy form

We’re Here To Help

Understanding when and how to file for Chapter 11 bankruptcy can be a tough decision for many business owners. If you’re still undecided about your next steps, our experienced bankruptcy lawyers in White Plains are here to help. Please contact us to discuss how we can help you get the financial relief you need.

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