Business Debt Reorganization Lawyers – New Orleans & Baton Rouge, Louisiana
For businesses facing financial difficulty, filing for Chapter 11 bankruptcy protection is one way to reorganize debt and restructure your business. Yet, it may not be the best option for you.
Contact Grand Law Firm in Baton Rouge or New Orleans, Louisiana, to discuss a business debt reorganization plan with a skilled attorney. Call 1-888-860-3543.
Debt Relief for Businesses and Individuals
- Chapter 11 bankruptcy, like Chapter 13, involves a reorganization of debt and repayment plan. While certain individuals may be eligible to file for Chapter 11, this type of filing is more typical of large and small businesses.
- Grand Law Firm assists businesses of all sizes, assisting owners of construction companies, restaurants and other businesses. Under the terms of Chapter 11 filing, a debtor presents a plan to creditors. If this plan is accepted, it becomes adopted as the business owner’s new business structure.
- Chapter 11 bankruptcy cases are time-consuming and difficult. Often, they end up becoming Chapter 7 cases.
- Individuals whose debt exceeds Chapter 13 limits may file for Chapter 11 protection under the Bankruptcy Code.
How to Prepare
Because of the time spent handling such cases and the difficulty in coming to a manageable repayment structure, it is important to have an experienced attorney on your side. It is also important to prepare for your initial appointment with our attorneys. When you visit us to discuss your business’s financial situation, please bring with you the following documents:
- Profit and loss statement for your business for the past year
- Last two years of business tax returns
- Last two years of personal tax returns
- List of all business inventory, assets and accounts receivable
- List of all personal assets
- Business bank account statements for the past year
- Personal bank account statements for the past year
At Grand Law Firm, we are also happy to discuss non-bankruptcy alternatives to address your business financial needs. Our firm has been instrumental in negotiating with creditors to restructure business debt.
Contact Grand Law Firm today to schedule your free initial consultation. Let’s sit together and discuss your options. Call toll free: 1-888-860-3543.
We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.
