New York Chapter 11 Bankruptcy Lawyer

Chapter 11 Bankruptcy Information

Chapter 11 bankruptcy is intended to provide debt relief to businesses, corporations, and partnerships, or individuals who possess substantial debt loads.  It is similar to Chapter 13 bankruptcy in that it involves payment plans that take place over a period of time, but it is considered more flexible.  When a business or individual files for Chapter 11, they are granted an extended period of time to pay off debts by a bankruptcy court.  This includes the ability to stretch tax debt payments for up to six years.  In this time, a business can restructure its organization in order to increase profitability and reduce or eliminate certain overhead expenses, all while enjoying protection from creditors.  By performing these actions, the business can work to achieve long-term viability as it negotiates the bankruptcy process.

A New York bankruptcy attorney is available to provide you with further information regarding Chapter 11 bankruptcy.  Should you or your business decide to file, they will be able to guide you through each step of the process, increasing your chances of navigating your bankruptcy successfully.

Bankruptcy Attorney in New York

Price Law Group is dedicated to helping those who are struggling with seemingly insurmountable financial issues.  Our firm provides comprehensive bankruptcy and debt relief services for individuals throughout the New York area, and these services are customized to the individual needs of each client we represent.  Contact our offices today, and we will sit down with you to become familiar with your financial situation, so that we can assist you in a manner that will maximize your chances of obtaining a debt free life.

Are you considering filing for Chapter 11 bankruptcy?  Contact a New York Chapter 11 Bankruptcy Attorney who can review your financial situation and help you determine if it is the correct option.