Business & Individual Chapter 11 Bankruptcy
Reorganize Your Debt & Get a Fresh Start
Chapter 11 of the U.S. Bankruptcy Code provides a way out for businesses
and certain individuals who are unable to repay their excessive debts.
Under this chapter, small businesses and business owners can file for
bankruptcy without having to close their doors like they would if they filed for
Chapter 7 bankruptcy. Businesses and business owners who file under Chapter 11 sit
down with the creditors and agree upon a repayment plan. Over the next
few years, the business can remain open while the business owner makes
monthly payments on their debt. Once the repayment period is over, all
remaining debt is discharged.
Chapter 11 bankruptcy is very similar to
Chapter 13, which allows consumers to eliminate their debts without liquidation.
As a business owner or an individual who has extensive unsecured or secured
debt, you may be able to file for reorganization bankruptcy under Chapter
11 of the bankruptcy code. Langone & Fasullo, PLLC understands the
intricacies of individual and business bankruptcy cases processed under
this chapter. We can help you determine whether or not you qualify, whether
you are a business owner or a consumer. The process is not a simple one,
so make sure that you have an experienced Fairfax bankruptcy lawyer by
Contact a Chapter 11 Bankruptcy Lawyer in Fairfax, VA
Langone & Fasullo, PLLC has nearly 30 years of combined legal experience.
Our legal team strives to inform clients, helping them to make educated
decisions and providing them with relevant facts about their cases. If
you need to find a fresh start after being overwhelmed by business or
personal debt, a
Fairfax lawyer from our firm can help. Attorney Langone is a seasoned bankruptcy attorney
and trial lawyer who can guide you step by step as you seek to start over
with your financial situation.
Contact us right away to learn more!