Reorganizing Business Debt with Skilled Bankruptcy Attorneys on your Side
If you are considering bankruptcy, call highly skilled and experienced Chapter 11 bankruptcy attorneys for a free consultation. No matter what stage of the process you are in, the Los Angeles Chapter 11 bankruptcy attorneys of Weintraub, Selth & Nguyen, APC will be able to assist you. Call us at 866-993-7272 to have your questions answered and your options explained in clear detail. We have been Los Angeles bankruptcy attorneys for the last several decades. While we know every business is unique and every situation requires legal advice that is tailor-made for that particular situation, we are also aware of the common concerns that many business owners have including: when should I file for Chapter 11 bankruptcy? How long will the process take? What are my options for emerging from bankruptcy? How can my business re-establish credit as quickly as possible?
Chapter 11 Bankruptcy has considerable benefits and may allow you to reap the following:
- Creation of a positive return for shareholders
- Ability to continue business operations
- Repayment to creditors
The reorganization of debt is one of the primary goals behind a Chapter 11 filing. To that end, a well-developed business reorganization plan is an essential element. Debts can be satisfied and the business can return to daily operations without the scrutiny of the creditors and the courts. With assistance from skilled and extremely experienced business bankruptcy attorneys, you may be able to settle your debts for fractions of what you owe. You will also dramatically improve the chances of your reorganization plan’s approval.
Seeking the advice of a qualified business bankruptcy attorney should be your first step. Choosing a lawyer who knows the process can help you return to the road of profitability sooner. Call the attorneys of Weintraub, Selth & Nguyen, APC for attorneys with decades of experience and a long history of success: 866-993-7272.
The Chapter 11 Bankruptcy Process and how a Business Bankruptcy Attorney can Help
As you move through the Chapter 11 process, the goals for your business will become more defined. In general, these outcomes are what many businesses strive for:
- Developing a plan of reorganization that sets new terms and conditions between the business and its creditors
- Significantly reducing the debt load of the business and restructuring the remainder of the debt
- Creating a new debt repayment plan that incorporates longer maturity dates and more favorable interest rates
Accomplishing these goals sets the business up to return to profitability and avoid liquidation. This is a win-win situation not only for the business owner, but also for creditors who can see a clear path to repayment.
Negotiation with creditors is a delicate process best left in the capable hands of a seasoned small business bankruptcy attorney. Many creditors welcome a capable negotiator who is knowledgeable and professional. Not only does having such a negotiator on your side assist you with creditors, but hiring an experienced lawyer provides you with the best representation of your case in front of the bankruptcy court. Furthermore, having us on your side allows you to focus on your newly restructured business.
Call today to schedule a free consultation with experienced Los Angeles business bankruptcy attorneys. Find out what options you have for your business needs.