What is Chapter 11 Bankruptcy?
Chapter 11 bankruptcy is a reorganization of a company's debt. It is typically used by businesses, but can be filed by individuals as well. The goal of Chapter 11 is to allow the debtor to restructure their debt in order to repay it over time. This repayment plan is approved by the court and must be followed in order for the debtor to remain in business.
Chapter 11 bankruptcy can be a complex process, but it can be an effective way for a business to stay afloat while repaying their debts. If you are considering filing for Chapter 11 bankruptcy, it is important to seek out the advice of an experienced bankruptcy attorney.
The Law Offices of Omar Zambrano has helped thousands of people and businesses in the past to get out of the debt and start over.
Our goal is to help you find a fresh start FAST!
Schedule your free consultation today! By Calling 626-338-5505 or visiting us at 12738 Ramona Blvd Baldwin Park CA 91706