Chapter 11 Bankruptcy Lawyer Greensburg PA

For many people seeking financial relief, bankruptcy is a beneficial option that allows them to get out from under the burden of excessive debt. Many of these same people don’t realize that different filing options are designed for different situations.

If are considering declaring bankruptcy, look to a Chapter 11 bankruptcy lawyer to help you navigate the complicated process. Certain attorneys from our firm specialize in this form of bankruptcy, enabling us to provide clients with the information needed to reorganize assets and find the best path to financial stability.

Bankruptcy Consultation in Greensburg, PA

What is Chapter 11 Bankruptcy?

Chapter 11 bankruptcy is available for both individuals and business entities. As opposed to some other forms of bankruptcy, Chapter 11 allows the debtor to remain in complete control of any business operations. Under the title of “debtor in possession,” you aren’t required to sell all of your assets to pay off creditors, but you do remain under the oversight and jurisdiction of the court.

Under the United States Bankruptcy Code, Chapter 11 helps debtors balance income with expenses, regain profitability, and continue to operate. Should you choose to do so, you have the option to sell some or all assets to downsize and begin paying off claims after filing. Individuals with debts in excess of the Chapter 13 limitations may find that filing a petition under Chapter 11 is the perfect option for their needs.

The Benefit of Filing Chapter 11 Bankruptcy in Greensburg PA

If you desire to keep your business alive while paying creditors over time, consider filing Chapter 11 Bankruptcy. While the process may seem daunting, a knowledgeable attorney from our team is happy to assist you every step of the way. All you have to do is meet with us, and we'll immediately start discussing your case.

Based on your unique situation, Chapter 11 has the ability to provide a variety of benefits. Commonly, debtors who file this form of bankruptcy get to take advantage of the following:

  • Automatically Adjust Interest Rates
  • Sell Property Free of Liens and Interests
  • Reject or Cancel Existing Business Contracts
  • Temporarily Defer Paying Rents & Other Debts
  • Avoid Bank Levies, Repossessions, & Other Collection Activities

Setup A Consultation at Our Office

Don’t wait too long to get the advice you need regarding bankruptcy. Filing in any form, including Chapter 11, often proves complicated. Fortunately, our experienced Chapter 11 bankruptcy lawyer specializes in this field of the law. We would be happy to review your current financial situation and decide if this type of bankruptcy relief is right for your specific set of circumstances.

To learn more about filing for Chapter 11 Bankruptcy, consult the experts of our local firm. Simply contact us to take advantage of a consultation with one of our attorneys. We proudly work with residents of Greensburg, North Huntingdon, Latrobe, Delmont, Murrysville, Indiana, and Ligonier, Pennsylvania.