When a business is faltering and can no longer afford to pay its employees or keep its doors open, Chapter 11 Bankruptcy is a viable option to consider. Businesses that decide to pursue Chapter 11 are given the time they need to reorganize, restructure, and potentially become profitable again. Additionally, filing for Chapter 11 enables businesses to renegotiate debt with creditors in order to remain in operation.
If you are a business owner who is facing financial adversity due to tough economic conditions or relentless creditors, know that you have many options from which to choose. The key to becoming aware of your choices and how alternatives may impact your company’s bottom line is speaking with an attorney at our firm.
At Law Offices of Dwight Bowen, our objective is to provide you with the financial solutions you need to turn your struggling business into a thriving business. In some cases, that may mean filing for Chapter 11 Bankruptcy.
While Chapter 11 may seem like a scary choice, the reality is that it may give you the opportunity to rescue your company while keeping your doors open. Additionally, you will have the time you need to repay your creditors and, in some cases, turn your non-performing organization into a company of financial value.
To learn how a Chapter 11 attorney can help you navigate the bankruptcy process, contact our legal team now.