If you are currently drowning in debt, it would be within your best interests to retain the immediate representation of The Fuller Law Firm, PC. We have more than two decades of experience and have filed over 2,000 cases. When you choose to secure our supportive assistance, you can be confident that you will receive the personalized financial solutions that you need. We will fully educate you about the laws surrounding your financial case.
Chapter 11 Bankruptcy for an individual, business, or corporation is designed to provide a comprehensive reorganization of debts. Contact us today to find out if Chapter 11 bankruptcy is right for you.
Businesses that want to continue operation but face one or more of the following challenges, may benefit from filing for Chapter 11 bankruptcy in California:
Certain businesses (typically LLCs) are formed to own and operate commercial real estate. Declining commercial real estate prices have caused many such LLCs to have a negative net-worth, or face negative cash flows. You can reduce the principal balance on the commercial real estate and help steer your business towards profitability by filing for Chapter 11. An attorney from The Fuller Law Firm, PC will be ready to provide sound legal assistance and help you find the best solution for your situation.
Most individuals who file for Chapter 11 have income or debts that exceed the allowable limits under Chapter 13 and Chapter 7. Individuals who own investment properties that are worth less than their loan balance maybe be able to take advantage of Chapter 11 to reduce the balance on the investment properties. Additionally, an individual in Chapter 11 may be able to “strip” second mortgages on investment or residence real estate.
Some benefits that debtors can enjoy upon reorganization under Chapter 11 are:
For more information and to learn more about how filing for Chapter 11 bankruptcy in Oakland, Salinas or San Jose can help your business and finances, click here.
The Fuller Law Firm, PC exclusively practices bankruptcy law. We provide legal representation for businesses and individuals filing for Chapter 11 bankruptcy. An attorney will be ready to receive calls and provide free consultation beyond office hours, until 11PM. Get in touch with us to determine the ideal solution for your situation.