San Jose Chapter 11 Bankruptcy Attorney

Helping People Throughout the Bay Area with Chapter 11 Bankruptcy

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.

If you are currently drowning in debt, it would be within your best interests to retain The Fuller Law Firm, PC. We have more than 20 years of experience and have filed 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 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

The Fuller Law Firm, PC exclusively practices bankruptcy law. We provide representation for businesses and individuals filing for Chapter 11. 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 you.

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.