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, was born in Estill, South Carolina, in 1967 and has been a prominent figure in Lake County since 1994.

Heath B. Nailos, J.D.

Partner

Auto Accidents, Personal Injury

Heath B. Nailos, J.D. was born in 1969 in Atlanta, Georgia, and has resided in Florida since 1978. He received his B.A. in History from the University of South Florida in 1992 and his J.D. Degree from Stetson University College of Law in 1995.

Kristin Cummins Nailos, J.D.

O.F. Counsel

Real Estate

Mrs. Nailos has practiced law in Central Florida since 1996, and is a member of The Florida Bar, and the Lake County Bar Association and is admitted to practice in the Middle District of Florida and all State Courts in Florida.

Ken Costello, J.D.

Partner

Bankruptcy, Estate Planning, Foreclosure Defense, Probate

Ken Costello is an associate at Boyette, Cummins & Nailos, PLLC. His practice focuses on real estate, civil litigation, bankruptcy, debt defense, estate planning and probate.

Michelle C. Bottex, J.D.

Attorney

Criminal Law, Family Law

Ms. Bottex earned a Bachelor of Arts degree in Business Administration from Stetson University and Master of Arts degree in Human Resources Development from Webster University.

Norman C. Cummins, J.D.

Legacy Partner

Was born in 1938 in Louisville, Kentucky. He received his Bachelor of Science in Business Administration from the University of Alabama in 1963 and a J.D. Degree from the University of Alabama in 1967.

Travis J. Stulz, Esq.

Attorney

Business Law, Estate Planning, Probate, Real Estate

Travis J. Stulz is a seasoned Florida personal-injury attorney representing clients across Central Florida, including Orlando, Winter Garden, Clermont, Ocoee, and The Villages.

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5-Star Reviews from Satisfied Clients

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BCN Law Firm4.6

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MICHAEL ELLIOTT

3 weeks ago

My attorney Travis did an excellent job for my personal injury case. He was professional and I highly recommend him for your attorney.

Scott Monroe

3 weeks ago

We have now used BCN Law Firm on two separate occasions and each time we dealt with Carol Crowe and neither time did she disappoint. Always friendly, professional, knowledgeable and most importantly available everytime we reached out. Also a special thanks to Isabel Freeman who was also very helpful. If you need any type of legal advice or assistance, I would not hesitate to reach out to BCN law firm.

Jonathon Gore

4 weeks ago

I cannot say enough good things about Travis and his team and the way they handled my case. From the very beginning, they went above and beyond to make sure I was taken care of and understood everything that was happening. They were professional, compassionate, responsive, and genuinely cared about getting the best possible outcome for me. I never felt like just another case or a number. They took the time to listen to my concerns, answer all of my questions, and keep me informed throughout the entire process. What really stood out to me was how hard they worked on my behalf. They went the extra mile when they didn’t have to, fought for what was right, and made a stressful situation much easier to deal with. I always felt like I had someone in my corner. If you are looking for an accident attorney who truly cares about their clients and is willing to go above and beyond, I highly recommend Travis. I am extremely grateful for everything they did for me and would absolutely trust them again.

Steven Halford

1 month ago

Excellent Service. Excellent staff and personell. Very detailed and patient throughout the whole process. It took a while to get where we wanted to be, but it was well worth the wait. They fought for every penny, for my treatment after my car accident, and were very caring during every step of the way. I highly recommend and they now have a customer whenever I need a lawyer.

Tom Robertson

1 month ago

Courteous and helpful staff. Completed in a timely fashion. Excellent rapport with Wade Boyette. Highly recommended

Cyndi Robertson

1 month ago

The entire staff was very considerate and helpful while assisting us with our estate planning. Highly recommend BCN if you need a Will, Durable Power of attorney, etc!

Peter Adams

2 months ago

My wife and I appreciated Mr. Boyette’s professionalism in regard to our legal needs. We strongly recommend him and will seek his expertise for any other legal needs.

Kevin S Hodne

2 months ago

I hired BCN law firm to handle my bankruptcy. Having always prided myself in handling my finances responsibly, when I had some health issues which I could not recover from financially I decided to plead bankruptcy. BCN law firm ( Carol ) made the whole process seamless. Carol was understanding, professional, and put my mind at ease during this difficult time. It’s people like Carol who have compassion for people that makes all the difference when hiring an attorney. Thank you Carol and BCN Law firm. If I could leave 10 stars I would have. Thanks again Carol and Wade Boyette!

susan ohneiser

2 months ago

Very professional, personable and informative! No issues and everything went well. We are very pleased.

Tatiana Rollins

3 months ago

Wade Was very helpful and informative on helping us with our trust and will. He explained everything thoroughly so we have peace of mind that our estate will be well taken care of.

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