Washington State Chapter 11 Bankruptcy Attorney
Has your business built up a debt that it cannot pay off? Did you need money to get your business off the ground, but your profits have not been enough to cover your mounting debt? You may have a legal option in the form of Chapter 11 bankruptcy. At the Bellevue, Washington, law offices of the CBG Law Group, PLLC we can help your business, and in some cases yourself personally, pay off your debt and plan for future success.
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Call 425-283-0432 for your free initial consultation.
If your small business is struggling to maintain itself under mounting debt, you may want to consider filing for Chapter 11 bankruptcy. Under Chapter 11, a business is permitted to continue its operations following a restructuring and reorganization of its financial situation. The debtor company must submit a restructuring/liquidation plan to both the court and the creditors for approval. If the restructuring plan is approved, the company will be continually monitored by the courts to ensure compliance with the plan. If you are not ready to quit on your business, we can help you explore your options and decide if bankruptcy is a viable option.
Chapter 11 Bankruptcy Requirements
The process involved with Chapter 11 business bankruptcy is far more complicated than either Chapter 7 or Chapter 13 personal bankruptcy. In fact, your business will have to be involved in the process for a minimum of five years and you will have to file statements with the US Trustees Office. You will also have to make quarterly payments to the US Trustees offices.
Meet With a Lawyer
Before you decide to pursue Chapter 11, you should meet with an experienced lawyer to discuss whether or not it is a viable option, and to ensure you understand what the process entails and what will be expected of you, or your business. At the CBG Law Group PLLC you will always meet directly with an attorney, not a paralegal or legal assistant.
Contact Us
If you or your business is growing deeper in debt, you may be able to save your assets by filing for Chapter 11 bankruptcy. At the Bellevue, Washington, law offices of the CBG Law Group PLLC we can help you understand your legal options for debt relief. Contact us today for a free initial consultation. Please call 425-283-0432.
