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.

352-394-2103

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

Our Clients Appreciate Our Dedication and Expertise

BCN Law Firm

4.6

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Lois Carr

Polite, knowledgeable and thorough. Our attorney was prepared for our visit. We were treated with respect.

Robert Miner

I was referred to Wade Boyette by my investment advisor, Jean Dorrell, after moving to Florida and needing to set up a Trust and update my Will. Before deciding to work with Wade, I did my due diligence — reviewing his Better Business Bureau rating and reading online reviews — all of which were overwhelmingly positive, and now I see why.

From our first meeting, I was very impressed with Wade’s knowledge, professionalism, and ability to clearly explain the legal process. He answered all my questions thoroughly and offered thoughtful advice tailored to my situation. He handled the setup of my Trust and the update to my Will efficiently and in a timely manner.

I highly recommend Wade Boyette to anyone in need of reliable and experienced legal services.

Shannon Bass

Office ataff was extremely friendly! Wade was fantastic and explained everything to us! I highly recommend them.

Troy Ford

I had the misfortune of having to file for bankruptcy last year. I hired BCN Law firm to handle my case and dealt mostly with Ken Costello and his assistant Carol. They did an outstanding job on my case which was not the average case. They analyzed my situation and found the best path for me to move forward. It did take a long time to go through (such is the case with bankruptcy) but Carol kept my wife and me updated and assured us that our worst fears were not something that was going to happen. I would recommend the firm to anyone who needs one of the services they provide.

Sonja Gore

I had a great professional experience with the staff at BCN Law Firm and wholeheartedly recommend to any future clients in need of organizing their final affairs.

Lynn Willis

Everyone was very friendly, concerned about us. They explained everything to us. Thank you for your kindness.

Jeff Milroy

My experience with Heath and the staff was great. This was something new for me, and they explained everything very well. It was easy to get my questions answered and the whole process seemed to go very smoothly. Heath's paralegal Lynnette was very helpful and kept me updated and informed along the way. Thank you all so much and I will definitely use and recommend you in the future.

Lula Patrick

Very professional. Very happy with the services. I would highly suggest anyone to use his services.

Jude Hamilton

Excellent service, knowledgeable and reasonable. I feel that I’m in good hands with Wade and team.

Craig Poorbaugh

BCN and Wade Boyette were very professional in every way in support of our needs for our final documents. They go the extra few miles to insure satisfaction of service. They spoke plainly and clearly about the final issues and easily walked us through difficult decisions. Their services are reasonably priced. A good choice

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