When you file Chapter 11 bankruptcy, you probably have a desire to reorganize your debts, either personal or within the confines of a company that you own. It can be a large corporation or a small company. The Law Offices of David A. Tilem have more than 30 years of experience dealing with this type of bankruptcy and we have the knowledge to assist you and answer all your questions.
Chapter 11 is helpful if you want to have a profit-making business after the bankruptcy has been filed. The plan will be written with your best interests in mind and will help you trim costs and seek new sources of income or revenue. Chapter 11 usually gives you more options and more time to come up with a reorganization plan, however you must be willing to devote valuable time to making it happen.
Unlike other bankruptcy plans, this one has no limits on the amount of debt that you have and can be very flexible. It is considered the most expensive type of bankruptcy, with the fees reaching tens of thousands of dollars. Even the filing fee with the bankruptcy court is extremely high. At our law office, we will help and show you how restructuring secured debt can help you remain profitable and get back on sound financial footing.
You can expect us to listen to you, research your company's finances and help you formulate a plan that will not just get you and your company back on track, but will help you remain profitable.
Calling in a legal professional can only be a good thing. At a time like this, you need someone in your corner with the knowledge base and experience to see you through to a bright future.
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