What Happens If My Chapter 11 Case Fails?
Many of our business clients are concerned about the possibility of a Chapter 11 case that fails, and we do know that a Chapter 11 case may fail. We are here to make sure our clients know all of their options if the court does not confirm a Chapter 11 bankruptcy plan. Our attorneys are deeply familiar with the Bankruptcy Code. We have assisted businesses in exploring their options, providing sound advice and pursuing efficient and cost-effective solutions.
Whether you are considering filing for bankruptcy or not, if your business is struggling under the burden of overwhelming debt, it is critical to sit down with your creditors and attempt to negotiate arrangements for repayment. With our experienced lawyers by your side, you will feel confident that you are doing everything possible to improve your business’s financial situation.
If a Chapter 11 case fails, skillful negotiations with your creditors will become even more important. At the Law Office of Ronald V. De Caprio, we find that the answer to most bankruptcy questions is: negotiate.
Convert A Chapter 11 To A Chapter 7
Some businesses find that converting a Chapter 11 bankruptcy filing to a Chapter 7 is an effective option following the failure of a Chapter 11 case. Even prior to a Chapter 11 failing, it might become apparent that the case will not be approved, in which case converting to a Chapter 7 should be considered.
We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.