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 11 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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RICHARD COLAMARINO

1 week ago

Wade does a great job. He explains everything in detail. Highly recommend BCN!

Flora Fulton

2 weeks ago

They helped with everything. I just sat back and answered any questions they had in the process. Great caring people.

Tina Lofton

2 weeks ago

I could not be happier with the legal representation provided by Travis Stulz with BCN. He was knowledgeable, personable and understood the stress and pain I was experiencing, and made me feel valued and supported throughout the entire process. His paralegal Sandra P. was fantastic. She was exceptionally prompt in returning phone calls, texts and emails, and kept me consistently updated on my case. Thank you both for your help and support.

Michelle Bluth

3 weeks ago

BCN was a God send. Although I’m married, my husband did not file. We had to go through the means test which was stressful but Ms. Carol handled it efficiently and with kindness. I never was made to feel bad for filing for bankruptcy. I was again nervous when it came time for my meeting of the creditors but again, Ms. Carol was so incredibly supportive. I should also mention that BCN is a well seasoned law firm and should you find yourself in need of their services, you will not regret your decision.

Lisa Long

3 weeks ago

We had them do my mom's will. They are all very sweet people. Wade was very good with my mom.

Neal Boyd

4 weeks ago

We were recently in an accident and needed an attorney. A good friend referred us to Travis Stulz and the BCN team. Travis and his Paralegal Sandy Patercsak were absolutely amazing. We felt they were very responsive and genuinely cared about us and how we were doing after the accident. I would highly recommend them to anyone who needs a great attorney who really cares about their clients.

Yeivette Alicea

1 month ago

Sandy P has been very helpful throughout our case. She is exceptionally knowledgable and I look forward to working with her (and Atty: Travis S.) for any future case I may have. Thank you guys for your assistance!!!!.