Chapter 11 Bankruptcy: Reorganizing Your Business's Debt
Frederick, Hagerstown, & Silver Spring Bankruptcy Lawyers
There are many benefits that are tied into filing a Chapter 11 bankruptcy petition, including the ability to keep a business alive and running while paying back creditors over a period of time. By filing a Chapter 11 petition, the business owner will propose a plan to reorganize the structure of the finances and the debts.
Once this plan has been set and approved, the business will be protected by bankruptcy and will be given a certain period of time to pay back the debts that are owed to creditors. This chapter under the U.S. Bankruptcy Code is one of the most complex, and approaching this legal process alone is not suggested.
Get Help for Your Business from Attorney David Cahn
If you are a business owner who has struggled with overwhelming debts owed by your business to other individuals or businesses, my law firm is ready to help! At The Law Office of David Cahn, I assist individuals, families and business owners through some of the most difficult bankruptcy and debt relief processes.
I understand that having a business that is struggling financially can be a depressing and upsetting notion, but you are not alone! While thousands of businesses throughout the country are experiencing the same thing as you, very few know how to take appropriate legal action. By hiring a bankruptcy attorney, you can pursue a Chapter 11 bankruptcy petition to reorganize the finances of your business.
As an experienced bankruptcy lawyer serving the business owners and families of Silver Spring, Maryland, I truly understand the difficulties associated with having to deal with an unmanageable amount of debt.
I have dedicated my professional career to helping those in a time of need, and I am ready to guide you through this process; contact my firm today.