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Grand Law Firm Grand Law Firm
HOUSTON (346) 209-0438
Chapter 11 Serving Jefferson, Orleans, St. Tammany, Tangipahoa, Terrebonne, Lafourche, St. John & Surrounding Areas

One Simple Mission: To Help Good People Through Hard Times

New Orleans Chapter 11 Lawyers

Helping You Out from Under Your Business Debts

Many businesses have faced financial difficulty over the last several years. Chapter 11 was established to help protect businesses as a way of reorganizing debt and making it manageable for a reasonable repayment plan. Businesses of all types and sizes may be eligible to file Chapter 11 bankruptcy to address some of the debt you’ve accumulated. This form of business reorganization places the company’s obligations into a structured plan for court approval.

Contact Grand Law Firm online or call (504) 608-5208 to set up a free consultation with a Chapter 11 attorney in New Orleans. We have over 30 years of experience!

Chapter 11 Bankruptcy Lawyers in New Orleans

Understanding How Chapter 11 Bankruptcy Works

Chapter 11 is built around the concept of reorganizing a business’s current debts into one structured repayment plan. These bankruptcy plans must be approved by the court through the bankruptcy process.

After filing, a business generally continues operating and managing its assets as a debtor in possession unless the court appoints a trustee. The automatic stay generally stops creditor collection actions while the case proceeds. New Orleans-area Chapter 11 cases are filed in the U.S. Bankruptcy Court for the Eastern District of Louisiana.

Working on a plan to present to creditors is a time-consuming part of petitioning for Chapter 11 protection. The experienced bankruptcy lawyers at Grand Law Firm can walk you through how to put together a realistic repayment plan and determine what the new business structure would look like should it be accepted. After examining your repayment plan options with you, our attorneys can begin to construct and complete your plan to submit to the court for approval.

Enlisting the experience of Chapter 11 bankruptcy lawyers can help you approach the challenge with confidence while our attorneys represent your business’s best interests through the process.

A Streamlined Option for Qualifying Small Businesses

Subchapter V offers qualifying small business debtors a streamlined route through Chapter 11. Under the debt limit adjusted on April 1, 2025, a debtor must have no more than $3,424,000 in aggregate noncontingent, liquidated secured and unsecured debt, excluding debts owed to affiliates or insiders. Noncontingent, liquidated debt is debt that doesn’t depend on a future event and can be calculated.

At least 50 percent of the qualifying debt must arise from commercial or business activities. Public reporting companies and affiliated debtor groups whose combined qualifying debt exceeds the applicable limit aren’t eligible for this process.

Explore Your Options for Debt Relief

Chapter 11 is only one of the ways that a business may find debt relief. At Grand Law Firm, we’ll review all of your options with you so that you can make an informed decision on the route for you and your business. Other alternatives are Chapter 7 bankruptcy, Chapter 13 bankruptcy, or a non-bankruptcy debt settlement plan.

Schedule Your Free Consultation with a Chapter 11 Bankruptcy Lawyer in New Orleans

If you’re considering filing for Chapter 11, contact Grand Law Firm to get the conversation started with a free initial consultation. During the consultation, our attorney reviews your options and uses your financial records to evaluate available reorganization paths.

Here are a few things you’ll need to bring with you to help us understand your current financial situation:

  • 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

Additional Resources for Understanding Bankruptcy Options

Relief from the financial difficulties of your business could be a phone call or email away. Contact a New Orleans Chapter 11 attorney today!

The Opinions That Matter

See What Our Past Clients Have to Say
    Would recommend Grand Law Firm. They were helpful in everyway.
    “When I found myself having to file bankruptcy I was referred to Grand Law Firm by a friend. After I met with Mr. Robert Hoke and he took the time to explain to me what I should expect and how the process worked I was not as anxious about this whole process. Robert helped me feel at ease and realized that I could get through this. We communicated through email and phone and I always felt that I was being taken care of and he knew my case. I later communicated with Jane F. and she was very kind and never seemed to be bothered with my questions. I would definitely recommend this firm to anyone that finds themselves in a financial situation that seems impossible.”
    - Jodie M
    AAAAA++++ service the best!
    “I would recommend Grand Law firm to anyone who seeking to file bankruptcy. They staff have the best customer service ever! They are professional and very helpful and always available when needed. AAAAA++++ service the best!”
    - Keisha H.
    GLF went out of the way to work with me.
    “Thank You and God Bless Your Staff !! GLF went out of the way to work with me. I appreciate all that was done through my difficult time. I wasn’t the easiest client, so Thank You for your patience.”
    - A. Reed
    Everything was explained thoroughly and done efficiently.
    “I was lucky enough to have found such great people to work with. Everything was explained thoroughly and done efficiently. I was never made to feel less than if I didn’t understand the law dealing with bankruptcy.”
    - G. Davis
    I would definitely refer them to anyone in need of any legal matters!
    “From the moment I entered Grand Law Firm, my experience was spectacular! After my initial consult, I immediately felt the release of all of the stress that I had acquired.”
    - A. Smith