If your small business is facing financial challenges and you are finding it difficult to keep your creditors at bay, you may be uncertain of your options. A Chapter 11 bankruptcy filing allows you to keep your business going but puts an end to the continual calls and letters. It prevents creditors from taking legal action. You want an experienced lawyer to help you through the process who knows the law and has helped others in circumstances like yours.
At the law office of Perry O’Brian, we have focused our practice on bankruptcy for more than 36 years. We have a comprehensive knowledge of the rules of bankruptcy and legal trends. Our goal is to simplify the process as much as possible to minimize stress and anxiety. We built our practice on a commitment to responsive, efficient legal counsel, promptly returning your calls, and working to complete the process in a timely, cost-effective manner.
Our Chapter 11 Bankruptcy Practice
A Chapter 11 bankruptcy proceeding is also known as business reorganization. It allows corporations, partnerships, and other business entities to reorganize their debts. Only individuals can file a Chapter 13 bankruptcy so Chapter 11 is the only chapter available to corporations and non-individuals.
In certain cases, individuals may need to file Chapter 11. For example, an individual may exceed the debt limits and cannot file a Chapter 13 bankruptcy. An individual may want to take advantage of benefits of Chapter 11 not available in Chapter 13 such as rewriting long-term secured debt.
We handle all matters related to Chapter 11 bankruptcy, preparing and filing necessary documents throughout the process, and acting as your representative with creditors, bankruptcy trustees, and the court. We help you put together a reorganization plan to submit to your creditors and review all proposed repayment arrangements to ensure they are in your best interest.
Contact Our Office
Every prospective client at our office is entitled to a free initial consultation. To set up a meeting with an experienced Bangor bankruptcy attorney, contact us online or call our office at 207-942-4697 or toll-free at 877-900-9857. We offer installment payment plans for your convenience.