Chapter 11 Bankruptcy Attorney
Chapter 11 is one of the bankruptcy situations provided for by American Laws. It is quite unique because it does not liquidate the assets of the company then sell them. Instead, it reorganizes the company’s debts, assets, and business affairs. This explains why it is alternatively called “reorganization bankruptcy”. As simple as it appears, this is very complex.
The aim of a chapter 11 proceeding is to grant the court the right to restructure the company’s obligations. This is why so many restructured firms remain up and running. During the period of the reorganization, the administrator can not make certain decisions unless the court authorizes them. Decisions like expansion, or termination of business operations, as well as the sale of assets.
Chapter 11 bankruptcy is known as the most complex bankruptcy. That is why you need an experienced attorney to help you. At Smoot and Utzman, we use our experience and expertise to guide you through your Chapter 11 bankruptcy. By paying attention to the specific details of your case, we tailor our processes directly to your best interest. Contact us today and let us wield our expertise in your interests.