Chapter 11 bankruptcy can grant a business debtor a financial fresh start. It allows a debtor to reorganize their business affairs, while their business remains operating. A plan of reorganization is designed by your lawyers, and confirmed by the Court, to provide for the treatment of different claims and creditors over time, facilitating a restructuring of the balance sheet, which can help return the business to profitability. Chapter 11 bankruptcy is sometimes referred to as “reorganization bankruptcy”.
The success of your bankruptcy depends on the quality of your representation. Steinhilber Swanson LLP is a Wisconsin law firm offering superior quality representation from deep experience for a wide variety of bankruptcy cases, including business bankruptcies.