Could Filing for Chapter 11 Save Your Phoenix Business?
If your business is in need of a substantial restructuring to stay viable into the future, you may be considering filing for Chapter 11. This form of bankruptcy could allow your business to restructure your debt while allowing you to keep possession of your business and its assets.
Experienced Arizona Chapter 11 Bankruptcy Lawyer
At The Roll Law Office, PLLC with locations in Phoenix, Tempe, Mesa, and Scottsdale, our goal is to help business owners and high-net worth individuals throughout Arizona restore their financial stability as quickly and effectively as possible. To discuss your debt restructuring options with a knowledgeable bankruptcy attorney from our firm, contact us today to schedule a free bankruptcy consultation.
The Chapter 11 Bankruptcy Process
Chapter 11 bankruptcy, which allows businesses to restructure debt, consists primarily of a plan for repaying creditors. The plan typically lasts for a period of three to five years. While this may seem straightforward, difficulty can arise in persuading creditors to agree to the plan, making it important to have an experienced Phoenix bankruptcy attorney on your side.
If your bankruptcy plan is rejected, for instance, you could face the prospect of having your business assets liquidated to repay your creditors. We will work closely with you to craft an argument that will demonstrate to your creditors that they have more to gain from your proposed repayment plan than from liquidation.
We Have the Answers to Your Chapter 11 Questions
We will ensure you understand all of your rights and responsibilities, allowing you to make an informed decision about Chapter 11 bankruptcy. To arrange a free bankruptcy consultation with one of our Phoenix area lawyers, call 602-652-2403, toll free 866-603-1533 or send us an e-mail.
We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.
