Chapter 11 bankruptcy is an option that partnerships, limited liability corporations, small businesses, and major corporations have to restructure their finances, and alleviate the burden of debt. As with other bankruptcy petitions, once the petition is filed with the court all creditor harassment must stop. Under court supervision you are still able to continue to operate your business.
When considering filing a Chapter 11 bankruptcy it is important to seek legal advice from an experienced Chapter 11 bankruptcy attorney. Working together, you and Berger, Fischoff & Shumer, LLP, can create a plan to save your business and reduce your financial liabilities. Your business may regain profitability by the reduction of certain obligations and the modification of payment terms on other debts. Additionally your attorney may advise you to downsize by selling some of its assets. Making changes to your business may be intimidating but knowing that you are working with an experienced bankruptcy professional will make the process less threatening.
Although Chapter 11 has helped countless businesses prevent closure, many businesses shy away from Chapter 11 bankruptcy because the process is complex. At Berger, Fischoff & Shumer, LLP, Gary C. Fischoff, has helped countless business remain operational by representing them in their Chapter 11 filing. Gary C. Fischoff and Heath S. Berger, along with the bankruptcy staff, will sit down with you. They will guide you through the process in terms that you can understand. To help ease your mind, our team will answer any questions you have. We will work efficiently and effectively with you to create a plan that will keep the business that you worked so hard for financially, successful for years to come.