Metairie Chapter 11 Bankruptcy Attorneys

What Is Chapter 11 Bankruptcy & How Can Grand Law Firm Help?

Chapter 11 bankruptcy allows business and occasionally individuals to reorganize debts into planned payments. This debt reorganization can typically be done while the business remains functioning but there are circumstances which may require business closure as well. Chapter 11 bankruptcy is meant to provide protection for businesses facing financial difficulty and to allow for those businesses to restructure without creditor harassment. Within a Chapter 11 case, the debtor and his or her attorney must compose and submit a repayment plan to the Bankruptcy Court. If the proposed plan is accepted by the courts and creditors it then becomes the business owner’s new business structure.

Though Chapter 11 bankruptcy is a useful debt relief tool it is not always the best choice for every business. Many business and individuals have also found debt relief through carefully structured Chapter 7, or Chapter 13, cases or even non-bankruptcy debt settlement.

If your business is facing an overwhelming amount of debt there are many different debt relief options available. To discover what debt relief option will best fit your personal situation, schedule your appointment to meet with one of our qualified bankruptcy attorneys in Metairie. At Grand Law Firm, we understand that bankruptcy is a legitimate solution to financial difficulties and a path to a better fiscal future.

To find out if Chapter 11 might be the right solution for your business’s financial troubles, contact our office to come in for a free consultation and case evaluation with one of our qualified Chapter 11 bankruptcy lawyers.

Preparing for a Chapter 11 Business Bankruptcy Case

Navigating a Chapter 11 case is often a long and difficult process, because of the time spent handling these cases and the difficulty in structuring a manageable payment plan, it is important to have an experienced bankruptcy lawyer at your side. It is also important for you to prepare the following information on your business to review with your attorney.

Though we do not require any documents for your free consultation and case evaluation you will be required to provide the following documents before completing your bankruptcy filing:

• Profit and loss statement for your business for the past year
• Last two year of business tax returns
• Last two years of personal tax returns
• List of all business inventor, assets, and account receivable
• List of personal assets
• Business bank account statements for the past year
• Personal bank account statements for the past year

At Grand Law Firm, we are also happy to discuss non-bankruptcy alternatives to address your business’s financial needs. Our firm has been instrumental in negotiating with creditors to restructure business debt.

We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code. Call our Metairie bankruptcy attorneys at  (504) 608-5208 to schedule your free case evaluation.