Orange County Chapter 11 Bankruptcy Attorney

Helping Business You Through Your 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.

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.