Chapter 11 Bankruptcy

Restructuring for Businesses and Individuals

Chapter 11 bankruptcy is designed for businesses, and in some cases individuals, that need to reorganize their debt while continuing operations. Often referred to as “reorganization bankruptcy,” Chapter 11 allows companies to restructure their financial obligations while maintaining control over their operations, providing a pathway to regain stability and profitability. For individuals with significant debts exceeding Chapter 13 limits, Chapter 11 can offer a similar restructuring plan.

At BCN Law Firm, we understand the complexities of financial distress, and our experienced Chapter 11 Bankruptcy Attorneys are here to guide you through the process. Whether you’re a business owner looking to restructure or an individual seeking relief from overwhelming debt, we provide the expert legal support you need to navigate the process successfully.

Central Florida Bankruptcy Attorneys

If you are considering filing for Chapter 7 bankruptcy, our experienced attorneys at BCN Law Firm are here to help. We offer a free consultation to review your financial situation and determine the best course of action. Whether you’re a business seeking to restructure or an individual facing significant debt, we’ll guide you through the reorganization process and help you regain financial stability while protecting your assets and operations.

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Why Choose Chapter 11 Over Other Bankruptcy Options?

Maintain Control: Unlike Chapter 7, which requires liquidation, Chapter 11 allows you to continue managing your business or personal finances while restructuring your debts.
Avoid Liquidation: Chapter 11 helps businesses and individuals avoid the need to sell assets, providing a chance to recover financially while maintaining valuable property.
Flexible Repayment: The repayment plan is tailored to your specific financial situation, allowing for long-term restructuring that benefits both creditors and debtors.

How BCN Law Firm Can Help

Develop a Reorganization Plan

We work with you to create a comprehensive plan that addresses your debts while allowing you to continue operations.

Negotiate with Creditors

We negotiate with creditors on your behalf to reach agreements that benefit both parties and facilitate the approval of your reorganization plan.

Manage Court Filings

Our team handles all necessary paperwork and filings to ensure compliance with court requirements and deadlines.

Provide Ongoing Support

We offer continuous legal support throughout the duration of your Chapter 11 case, helping you stay on track and achieve a successful outcome.

Frequently Asked Questions About Chapter 11 Bankruptcy

Chapter 11 bankruptcy is a reorganization plan primarily designed for businesses, allowing them to restructure their debts while continuing operations. It is also available for individuals with substantial debt that exceeds the limits of Chapter 13 bankruptcy. This process helps debtors develop a plan to repay creditors over time without liquidating assets.

The duration of a Chapter 11 case can vary depending on the complexity of the debtor’s financial situation. While some cases may take several months, more complex reorganizations can take years to fully resolve. Once the reorganization plan is approved, the repayment period typically lasts several years.

Yes, in most cases, businesses can continue to operate while going through Chapter 11 bankruptcy. The debtor usually acts as the “debtor-in-possession,” meaning they retain control over business operations while following the court-approved reorganization plan.

Speak To An Attorney

If you believe Chapter 11 bankruptcy may be the right option for your financial situation, BCN Law Firm is here to help. Contact us today for a free consultation, and let us guide you through the reorganization process with expert care and support.

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Meet Our Dedicated Attorneys

Legal Team Ready to Fight for Your Rights

Wade Boyette, J.D., LLM.

Partner

Bankruptcy, Estate Planning, Foreclosure Defense, Probate

Wade Boyette, J.D., LLM. Wade Boyette, J.D., LLM, was born in Estill, South Carolina, in…

Heath B. Nailos, J.D.

Partner

Auto Accidents, Personal Injury

Heath B. Nailos, J.D. Heath B. Nailos, J.D. was born in 1969 in Atlanta, Georgia,…

Kristin Cummins Nailos, J.D.

O.F. Counsel

Real Estate

Kristin Cummins Nailos, J.D. Was born in 1970 in Leesburg, Florida and has resided in…

Ken Costello, J.D.

Partner

Bankruptcy, Estate Planning, Foreclosure Defense, Probate

Ken Costello, J.D. Ken Costello is an associate at Boyette, Cummins & Nailos, PLLC. His…

Michelle C. Bottex, J.D.

Attorney

Criminal Law, Family Law

Michelle C. Bottex, J.D. Ms. Bottex earned a Bachelor of Arts degree in Business Administration…

Norman C. Cummins, J.D.

Legacy Partner

Norman C. Cummins, J.D. Was born in 1938 in Louisville, Kentucky. He received his Bachelor…

Michelle Ha

Attorney

Business Law, Estate Planning, Probate, Real Estate

Michelle T. Ha Michelle T. Ha is an associate attorney and is licensed to practice…

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Barbara Baggette Marsters

I never felt the warmth in other attorneys offices that I felt here. They are very professional and knowledgeable and accommodating in every way!.

I would recommend the services of Carol Crowe 100%, only if you want to be treated as a valuable person and treated with respect.
Paperwork is handled efficiently and on time .

Joyce Berkery

Carol was amazing the whole staff was wonderful had no issues with anybody. Everything went smoothly.

Dorothy Bigelow

Carole Crowe in the Clermont office was so very helpful very understanding always would return phone calls and reply to my emails, Great attitude

james ussery

Very organized, knowledgeable, strives to explain each and every detail. The office staff is very professional and the lady at the Lady Lake office is very polite, and is very competent. The entire staff all present themselves to be professional. I had this firm handle some business 8 years ago and was pleased with their service, I chose them this time based on past work. The lady of the hour has to be Ms. Crowe. Extremely knowledgeable and professional - patient. She knows how to steer you to the conclusion. Overall I would rate the firm at 10+. Would not hesitate to recommend BCN.

Kristy Martz

BCN Law Firm helped us get through a tough time and made it as easy as possible. Carol was the absolute best! Any questions or concerns we had she was there to help. The whole company was great to work with. I would highly recommend using this firm and if I ever need anything in the future I will definitely use them. Thank you guys for everything!

Sandra

Carol Crowe at this firm is a wonderful and knowledgeable person to work with. She is very professional and caring. I truly appreciated the time she took with me.

James Hardy

I want to express my gratitude to the BCN Law firm for their professionalism, expertise, and straightforwardness in our dealings.

Audrey Arsenault

Carole Crowe is absolutely wonderful. The paperwork was overwhelming and clueless as to what the process that my situation entailed. Carol reassured me every step of the way. She returned my pesky calls with what was probably silly questions but never made me feel less than or unheard. She was great! I was made to feel welcome from the minute I walked in the door of BCN Law firm.

Tom B

Greatest experience with BCN law, great personal professional one on one service. Wade Boyette and Carol Crowe ware fantastic! Always answering all questions and concerns with care and kindness. Would highly recommend this firm to our friends and family. Thank you 😊