If your business has fallen deeply into debt, you may want to consider filing for bankruptcy. Under Chapter 11 of the Bankruptcy Code, your organization can restructure its finances to get its debts under control and make repayment easier to manage.
Filing for Chapter 11 bankruptcy can be a time-consuming process and complicated process. That’s why you need an experienced attorney to help you through it. Make an appointment with The Law Office of Paul Toscano, P.C. today to make your Chapter 11 filing process as straightforward as possible.
3 benefits of filing for Chapter 11 bankruptcy
Learn as much as you can about your options before you file. Here are three important things to know about Chapter 11 bankruptcy:
- You can continue to operate your business. Filing for bankruptcy won't prohibit your day-to-day operations of the business.
- There’s no debt ceiling. It doesn’t matter how much money you owe to creditors.
- If you are not eligible for Chapter 13 bankruptcy, you may be able to file for Chapter 11 bankruptcy as an individual
Contact attorney Paul Toscano in Salt Lake City today to learn more about how to overcome your business or personal debt.