Chapter 11 Business Bankruptcy
No business can succeed by trying to pay off their debts piecemeal to whoever is yelling the loudest. Chapter 11 business bankruptcy allows you to address your creditor relationships in one forum. At the Law Office of Ronald V. De Caprio, we handle Chapter 11 business bankruptcy for a wide range of New York companies. Helping your business obtain an automatic stay for immediate relief, we will guide you through the process for sustained financial relief.
Our job is to give your business a universal resolution that will address all of your debtor/creditor issues at one time. The first step is to analyze whether your business has a need for bankruptcy at all. You may be able to resolve your debt concerns without Chapter 11 proceedings, but whatever the case, we will help you come up with a resolution that works for your business.
If you decide that Chapter 11 business bankruptcy is right for your business, we will represent you in Federal Bankruptcy Court. All your creditors will be brought into one location, where the court will address the value of your business and the extent of your liabilities. Next, they will create a plan according to the US Congress and the Bankruptcy Code.
Before you file for Chapter 11, your creditors have leverage over you. However, once you file, you are on level ground. You will get the chance to disclose everything you have, and if your disclosures are truthful, you will obtain protection.
As your bankruptcy attorneys, we will counsel you and address all your debtor/creditor relationships. Helping you make smart choices, we will make certain your business has the tools to survive into the future. Conducting a careful analysis of your current situation, we will help you understand what to expect from the process and how long it will take.
With over a decade of experience helping clients through the bankruptcy reorganization process, we can help you find solutions. Call (845) 406-4201 (toll free (866) 936-8113) or contact us online to schedule a consultation.