Illinois Business Bankruptcy Lawyers
Chapter 11 bankruptcy is designed specifically for businesses, as well as for individuals with assets and debts that exceed the threshold for filing Chapter 13. It is a reorganization of your debt that comes with an automatic stay upon filing. This automatic stay stops all actions that creditors may be taking against you. In other words, you can stop foreclosure, stop repossession, stop bank account garnishment and stop creditor harassment. The Law Offices of Debra V. Levine is experienced in this complex form of bankruptcy.
Our law firm has been helping businesses and individuals in Illinois get a fresh start since 1996, achieving a 95 percent success rate along the way. No matter how overwhelming your business debt may seem, you can be confident that we can help you, too.
How Does Chapter 11 Bankruptcy Work?
Business reorganization through Chapter 11 involves the creation of a debt repayment plan, similar to the process in Chapter 13 bankruptcy. The plan can last several years. During the course of those years, there are reporting responsibilities that must be fulfilled. We can provide sound guidance in creating, reviewing and submitting operating reports.
An additional layer of complexity comes simply from the massive amount of debt involved in these cases, usually millions, often owed to a broader array of creditors than the typical bankruptcy case. Our experience means we are prepared for even the most challenging situations.
Chapter 11 Bankruptcy for Real Estate Investors
The tumultuous nature of the real estate market has forced many real estate investors to file Chapter 11 bankruptcy. People with numerous investment properties have found themselves in the unlikely position of having to fend off foreclosure of their own home, which is a difficult situation to say the least. We have the experience to help real estate investors through this by filing Chapter 11 bankruptcy.
Contact Us for a Free Consultation
If you are ready to learn more about how our Chicago Chapter 11 bankruptcy attorneys can help you get a fresh start, and how our reasonable fees mean we can do it without adding to your financial burden, call us at 866-832-0854 or send us an e-mail.
We are available by phone 24/7. In addition to standard business hours, we offer evening and weekend meetings by appointment. Se habla español.
We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.
