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 your side!

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!