New Orleans Chapter 11 Bankruptcy Attorneys
Helping You Out from Under Your Business Debts
Many New Orleans businesses have faced financial difficulty over the last several years. Chapter 11 bankruptcy law 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 for filing Chapter 11 bankruptcy and relieving some of the debt you’ve accumulated.
Contact the Grand Law Firm online or call (504) 608-5208 to set up a free case review with a Chapter 11 bankruptcy lawyer in New Orleans.
How Does Chapter 11 Bankruptcy Work?
Chapter 11 bankruptcy 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 at the beginning of the bankruptcy process.
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 will 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 bankruptcy attorneys will begin to construct and complete your plan to submit to the court for approval.
Enlisting the experience of Chapter 11 bankruptcy lawyers will enable you to approach the challenge with confidence and know that your business’s best interests will be well represented through the process.
Know Your Options to Secure Debt Relief
Chapter 11 bankruptcy 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.
Free Review with a Chapter 11 Bankruptcy Lawyer in New Orleans
If you are considering filing for Chapter 11, contact Grand Law Firm to get the conversation started with a free initial consultation.
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
- Related: What Are the Steps to Reorganize Debts?
Relief from the financial difficulties of your business could be a phone call or email away. Contact us today!