Reorganizing Your Business Debt With Chapter 11 Bankruptcy

The Chapter 11 bankruptcy is many times referred to as business debt reorganization. In a Chapter 11 bankruptcy, the debtor remains in possession of all assets and the ongoing business. This chapter of bankruptcy is used by businesses that have been overwhelmed by debt, often because of the downturn of the economy. Chapter 11 protection enables the business owner to reorganize their business without the burden of debt, so that they are able to start fresh and make their company profitable again.

While many bankruptcy lawyers only practice Chapter 7 and 13 bankruptcies, The Law Offices of Joseph M. Tosti has over three decades of bankruptcy experience in Irvine, and can help you or your business plan and execute debt relief under a Chapter 11 bankruptcy.

A Chapter 11 bankruptcy will allow your business to recover from its previous poor business decisions. A Chapter 11 bankruptcy allows a business to continue to operate without the day-to-day burden of their pre-existing debt obligations. It gives the business an opportunity to develop a plan to restructure its debt and to relieve the business of leases and contracts that are economically unfeasible. In a typical Chapter 11 bankruptcy proceeding, management continues to run the day-to-day operation of the business. Many significant business decisions, however, may require court approval, such as liquidating the assets of the business.

Schedule a free consultation with attorney Joseph M. Tosti to discuss your debt relief needs and see if Chapter 11 bankruptcy is the right solution for you. Call 949-864-6276 or contact us online to get started.

We are a debt relief agency pursuant to Federal Law S524 of Title 11 of the US Code. The Law Offices of Joseph M. Tosti provides assistance and helps people file for bankruptcy relief under the United States Bankruptcy Code.