Chapter 11 – Business Bankruptcy
Filing Chapter 11 bankruptcy allows you to keep certain property and reduce your debt through a court-approved payment plan that can clear a debt even if you only pay a small percentage of it. While some individuals choose to file for Chapter 11 bankruptcy because of certain financial restrictions, the vast majority of Chapter 11 filers are businesses and corporations. Other petitioners who choose this form of bankruptcy include medical groups, professional associations, and non-profit organizations.
In a Chapter 11 bankruptcy, the court carefully monitors all debt payments. If you are thinking about filing for Chapter 11, you should work with a qualified bankruptcy attorney to develop a sound plan of action. The requirements and obligation of Chapter 11 can be daunting if faced alone.
Chapter 7 & 13 – Personal Bankruptcy
Did you know that an experienced bankruptcy attorney can often protect some of a person’s property and assets through proper planning? It’s true. This is why it is so important to contact us if you are thinking about filing for bankruptcy. Our Of Counsel Attorney, Norma Ortiz, has more than 25 years of experience tracking and dealing with bankruptcy law in New York and New Jersey.
Depending on your particular financial situation, needs and goals, our personal bankruptcy attorneys can file a Chapter 7, Chapter 11 or Chapter 13 bankruptcy on your behalf.