If you have exhausted your 401(k) to save your business, if you have taken out personal loans to keep things together, if you just can't do it anymore, you should know that you have options.
The Law Offices of Campbell & Coombs, P.C., represents Arizona businesses and individuals in Chapter 11 bankruptcy. Many people are surprised to learn that Chapter 11 is not just for businesses. Individuals can use Chapter 11 as a tool to get rid of unmanageable debt while keeping needed assets.
Chapter 11 provides for a "reorganization" that allows parties to keep assets while going through the bankruptcy process. This is the reorganization bankruptcy that corporations and LLCs must file. It allows them to pay their debt over an extended period of time while keeping assets. Individuals file Chapter 11 when they cannot meet the qualifications for a Chapter 13 bankruptcy and is often used by individuals with real estate holdings to modify the mortgages on their properties.
This chapter of the bankruptcy code is the most complicated of the bankruptcies. Here at Campbell & Coombs we understand this complicated process and have obtained confirmed Chapter 11 Plans for both our corporate and individual clients.
For many business owners, losing the business is just not an option. Chapter 11 allows them to keep their businesses while getting rid of overwhelming debt.
Contact a Phoenix Business Bankruptcy Attorney
To talk to a Mesa Chapter 11 attorney, call for a confidential consultation. Due to the complexity of Chapter 11 bankruptcies, we do charge a nominal fee for a two hour consultation. Our bankruptcy lawyers are available by calling 480-630-3186 or toll free at 866-430-1277. You may also contact us online.
