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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5-Star Reviews from Satisfied Clients

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BCN Law Firm

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Kelley Bannerman

Very efficient, accurate and easily accessible. It was a pleasure working with BCN Law firm and their staff in The Villages.

Denis Labbe

BCN Law Firm - My wife and I had a great experience with Wade and his staff. Professional with a personal touch. We had all our estate planning needs taken care efficiently at a fair rate. Very pleased with BCN Law Firm.

Bryan Griffaw

BNC is the best law firm that ive ever seen. They were very very helpful. Thank you so much i greatly appreciate it.

Dee Healey

BCN law firm in Clermont is very professional and put me at ease throughout my legal issue. I worked with Carol and she is very knowledgeable and has great customer service. She was always available to answer any questions or concerns. I highly recommend BCN law firm.

Linda Rando

Our experiences with this company has been amazing! They explain everything very well and take time with us. Now we feel secure about our choices. Thank you Wade!

Dana Lemme

Yes, Carol Crowe, the legal assistant. Has handled our case Bankruptcy flawlessly. He’s very personal and so was a great kindness towards us who are tough times has helped immensely through our progress a case she truly is a good person as well as a legal assistant really appreciate her help. I just wanted to let you know You have a very good employee. Without her we would’ve been lost Going through the procedure thanks again for having her assistance ! Dana and Francine Lemme

Latisha Pierre

BCN Law firm is amazing. They are very attentive, and helpful to my husband and I. Carol Crowe has always been our direct person of contact. She is wonderful, and a true gem. She’s always willing to help by answering all of our questions, concerns, and needs. We would like to express a sincere “Thank You”. Carol we
truly love, and appreciate all that you do.

awakenpictures

Boyette Cummins Nailos Attorneys provide a wonderful service for legal counsel and representation. Highly recommend them.

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 .