Business Bankruptcy - Chapter 11

(205) 939-0780

Birmingham Chapter 11 Bankruptcy Attorneys

Business Debt Lawyers In Alabama

Chapter 11 – This chapter of the Bankruptcy Code generally provides for reorganization, usually involving a corporation or partnership. A chapter 11 debtor usually proposes a plan of reorganization to keep its business alive and pay creditors over time.

People in business or individuals can also seek relief in chapter 11. Chapter 11 is frequently referred to as a “reorganization” bankruptcy. A chapter 11 can sometimes be used as an effective way to allow the debtor to remain in business as a viable entity, while getting better repayment terms than were offered prior by the creditors outside of bankruptcy.

A chapter 11 imposes a “stay” on all collection efforts imposed by the creditors, which will allow the debtor an opportunity to propose their plan of reorganization and is vitally important at the initial stages of this bankruptcy. Creditors are appointed to different “classes” (e.g., priority, secured and unsecured), and they all get a vote on whether the plan of reorganization is feasible, desirable and whether or not it will satisfy their claim (debt).

Contact A Chapter 11 Bankruptcy Lawyer TODAY for HELP!

Chapter 11's involve many tactical and procedural hurdles and obstacles. It is best to speak with an attorney who is trained on these matters before going at it alone.

 *We are deemed by the Bankruptcy Code to be a "debt relief agency," so we can help you file for bankruptcy relief.

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Snable Law, LLC is a law firm dedicated to advocating for the citizens of Alabama. Helping people is a passion of its founder, Joshua C. Snable, Attorney. We have the necessary experience to handle your matter. We've represented thousands of clients throughout the State of Alabama. We want to help!

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We are conveniently located on historic Highland Avenue, in Birmingham's Southside. We offer in-person, telephonic or video conferencing in our consultations to better accommodate you and the many demands on your time. We remain on the cutting edge in today's highly technological world. We are steadfast in our commitment to our clients, their needs and requests. Contact us today for your FREE CONSULTATION. We want to help!

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