Chapter 11 Bankruptcy in Miami, Fort Lauderdale, Aventura, Pembroke Pines, & Hollywood
Is your business financially secure? Have you built up much debt, and you've lost financial direction? Experienced Chapter 11 Bankruptcy Attorneys in Miami, Fort Lauderdale, Aventura, Pembroke Pines, & Hollywood Florida, at The Kaple Law Firm, have the legal familiarity, knowledge, and experience to successfully handle your Chapter 11 Bankruptcy, and get you back in the game.
If your small business is struggling under mounting debt, please don't wait any longer to contact our Miami Chapter 11 Bankruptcy lawyers. We have successfully represented businesses throughout the South Florida area get their feet back on the ground.
What is Chapter 11 Bankruptcy?
Chapter 11 Bankruptcy is also known as the business reorganization bankruptcy. It is specifically used for relieving the debts of businesses and corporations. As a debtor-in-possession, businesses that file for Chapter 11 are able to continue normal operations.
The debtor's business must submit a liquidation plan to both the court and creditors for approval. When filing Chapter 11 in Miami, the amount of debt has no limits. Although Chapter 11 is the most flexible of all chapters, it is also the most complex.
How Does Chapter 11 Bankruptcy work?
Based on the results of a "means test", and with the assistance of an experienced Miami Chapter 11 Bankruptcy Attorney, when a debtor provides a payment plan, filed within a schedule that commences the case, a copy of this plan is forwarded to all creditors. Petitions filed under Chapter 11 also invoke the automatic stay rule of 362, which requires creditors to cease collections and makes post-petition debt collection void. Creditors are entitled to be heard by the court if they wish to dispute a claim, but the court is ultimately responsible for deciding the plan acceptance in accordance with the current federal and state bankruptcy laws.
Experienced Chapter 11 Bankruptcy Lawyers
Our attorneys work closely with financial experts to develop debt restructuring plans that relieve business's overburdening debt. As a law firm dedicated exclusively to bankruptcy, our attorneys understand what needs to be done, and we want you to continue growing, for the economy, for America, we can assist you in tough times.
Chapter 11 Bankruptcy can get very complex. Having a competent bankruptcy lawyer guide you through the process and advise you on the important steps is extremely important.
If you are concerned about your business, please contact the dedicated Fort Lauderdale, Miami, Aventura, Pembroke Pines, Hollywood Florida bankruptcy attorneys, toll free 1-866-675-5110, or fill out our online email form.