Chapter 11 Bankruptcy Attorney

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Reasons To Choose Our Firm

We offer evening consultations
We provide quick turnaround time for drafting petitions
We have nearly four decades of combined legal experience
We have filed over 4,000 cases
We have convenient locations in San Jose, Salinas, and Oakland

Chapter 11 Bankruptcy

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 4,000 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.

Chapter 11 for businesses:

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:

Heavy legacy debt that cannot be serviced due to current market conditions
Real estate or other assets that are over-encumbered
Expensive leases on unproductive or unnecessary property
Other expensive financial obligations that prohibit continued profitable operation

Chapter 11 for real-estate oriented businesses:

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.

Chapter 11 bankruptcy for individual persons:

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:

Avoidance and recovery of certain involuntary transfers
Preservation of a going concern
Temporary deferral of obligations incurred pre-petition
Adjustment of interest rates
Cure of defaulted or accelerated obligations
Ability to assume or reject executory contracts and unexpired leases
Ability to sell property free of liens and interests
Extend payment of unsecured tax debts
Can borrow money post-petition to finance reorganization
Automatic stay of all lawsuits, foreclosures, repossessions, bank levies, and other collection activities

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.