Chapter 11 Business Bankruptcy Attorney
in Rockland County, New York
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.
Call or contact us online to schedule an appointment with an experienced lawyer from our office today.
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 needs 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.
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Resolve Business Debts
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: to negotiate.
Convert a Chapter 11 to q 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 filing, it might become apparent that the case will not be approved, in which case converting to a Chapter 7 should be considered.