Orange County Chapter 11 Bankruptcy

A Chapter 11 bankruptcy is sometimes referred to as a “business reorganization” bankruptcy. However, it can also be filed by an individual whose debts exceed the limits of a Chapter 13 bankruptcy.  A Chapter 11 bankruptcy filing allows a business to continue operations while a repayment plan is developed.  Filing a Chapter 11 is very complex in nature, requiring a highly-experienced Chapter 11 bankruptcy attorney to assist in the process.

Chapter 11 for Business

When a business files a Chapter 11 bankruptcy, the assumption is that the value of the business after reorganization will be considerably higher than an asset sale.  A Chapter 11 filing will allow a business seeking bankruptcy relief to continue to operate while reorganizing its financial affairs. This reorganization may include shedding of unprofitable operations or leases, refinancing, or attracting new investors.

Chapter 11 for Individuals

Individuals whose debt exceeds the limit for a Chapter 13 may be able to file a Chapter 11 to restructure their debt. Due to the general decline in real estate values while mortgage debt has ballooned, a Chapter 11 is often the only option in California.

Filing Chapter 11 bankruptcy for either a business or an individual requires that a reorganization plan be submitted. Given the complexity of Chapter 11 filings, this is normally done by an experienced Chapter 11 attorney on behalf of the client. In-depth knowledge of the powerful reorganizational tools available to Chapter 11 debtors is extremely important—success or failure of the filing depends upon it.

An experienced Chapter 11 attorney can explain what is needed to file a reorganization, assess the advisability of such a filing, and describe how a Chapter 11 can help you reorganize your financial situation. Please contact us to discuss your eligibility for a Chapter 11 bankruptcy filing.

A WORD FROM OUR CLIENTS

  • Red Hill Law Group really knows their stuff. They certainly don’t try to push you into bankruptcy. They carefully explained everything, including how a short sale could impact you, and how sometimes it’s better to file Chapter 13, keep your house and make payments. They really seem to care about their clients and that’s very important to me. I recommend them highly.

     

  • The team at Red Hill Law Group took the time to explain our options and how they could help us climb out from under what seemed a mountain of debt.  Bert Briones was so professional, responsive and understanding of our situation it gave us the reassurance we needed to move forward.    I would recommend the Red Hill Law Group team to anyone struggling with credit card debt and unsure of what next steps to take.

  • Bert and his staff are truly exceptional. They treated me with respect and the utmost sensitivity. They were always easy to reach by phone too, which is huge. Altogether, working with them was a very positive experience for me, and I could not recommend them highly enough.

  • They made my hard situation so easy for me.  Accomodated my work schedule and so down to earth and friendly.  Told me exactly what to expect up front and every thing went exactly as planned.  Kelly, Bert’s assistant, was awesome too.  She is sweet, professional and organized!

  • Red Hill Law Group has helped in a way that would have been impossible for me to do on my own. They have negotiated on my behalf and have come up with a reasonable re-payment plan with my creditors.  Although this has been a long journey for me I look forward to the day that I am completely debt free and I will owe that respect to this law group.

  • Red Hill Law Group has been very helpful and resourceful. I was treated with respect and care.  The results were beyond my expectations.

Orange County Bankruptcy Attorney Bert Briones

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Orange County Bankruptcy Attorney
Bankruptcy Lawyer in Orange County CA.


Call 949-468-0915 for a FREE consultation today.
Learn if Chapter 7 is right for you or if Chapter 13 is a better option.