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Reorganizing Your Debt? Chapter 11 or Chapter 13 Bankruptcy Can Help!

If you are considering reorganizing your debt, you may be wondering if Chapter 11 or Chapter 13 bankruptcy can help. Here is a brief overview of each type of bankruptcy and how it can help you reorganize your debt.

Chapter 11 bankruptcy is also known as corporate bankruptcy. It is typically used by businesses to reorganize their debt. Under this type of bankruptcy, a business can continue to operate while they develop a repayment plan for their creditors. This repayment plan must be approved by the court before it can go into effect.

Chapter 13 bankruptcy is also known as individual or wage-earner bankruptcies. This type of bankruptcy is typically used by individuals who have a regular income and want to repay their creditors over time. Under Chapter 13, you will develop a repayment plan that will last for three to five years. This repayment plan will be based on your income and expenses.

The Law Offices of Omar Zambrano has helped thousands of people and businesses in the past to get out of debt and start over.

Our goal is to help you find a fresh start FASTER!

Schedule your free consultation today! By Calling 626-338-5505 or visiting us at 12738 Ramona Blvd Baldwin Park CA 91706


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