What is Chapter 11 Bankruptcy?
Chapter 11 Bankruptcy is typically used by businesses that want to continue operating while restructuring their debts through a court-approved plan. The Debtor generally has 120 days to file this plan and must provide creditors with a disclosure statement explaining the proposal. Under a confirmed plan, debts may be reduced, contracts and leases modified or terminated, and operations streamlined for profitability. Chapter 11 enables businesses to consolidate and emerge stronger.
Help for for Chapter 11 in South Carolina
If you have questions about whether Chapter 11 Bankruptcy is the right option for you or your business, give us a call. We are certified specialists in Bankruptcy Law and focus our practice on assisting individuals and businesses that need debt relief. We will work with you to develop and implement your individualized plan for debt resolution. We are passionate about creating innovative effective legal solutions to resolve the financial problems of our clients.
Need Help Filing Chapter 11 in South Carolina?
Contact an experienced bankruptcy attorney today for a free consultation. Understand your options and take control of your financial future.