Obtaining Financial Reorganization Under Chapter 11 Bankruptcy
Chapter 11 bankruptcy can provide an individual or a business with the means to reorganize their financial situation to become more productive in the future. The attorneys at the Massachusetts law firm of Prousalis & Papantonakis, P.C., have over 25 years of combined experience representing clients in bankruptcy proceedings. The knowledge and skill our staff have obtained can help protect you, your assets and your pocketbook.
We offer free initial consultations to all new clients. Call 339-203-4797 or e-mail us to speak with one of our lawyers about your situation today.
Chapter 11 Bankruptcy Can Be Effective For Businesses or Individuals
If you are a business and are seeking business bankruptcy relief, Chapter 11 bankruptcy can provide you with the means to keep your business running while creating a debt reorganization plan. This can be extremely beneficial for businesses that need help renegotiating contract terms or eliminating responsibilities under lease agreements.
If you are an individual, Chapter 11 bankruptcy can provide you with more flexibility than reorganization under Chapter 13 bankruptcy. Chapter 11 may also be the only bankruptcy option available to individuals who exceed the asset limitations of Chapter 7 or Chapter 13.
Maintaining Control During the Chapter 11 Process
Once you file Chapter 11, you will be known as a "debtor-in-possession," which means that you will be able to maintain control and possession of all of your assets and your business. You will act as your own trustee with bankruptcy court oversight, instead of working through an assigned bankruptcy trustee. This will provide you with great power and privilege over your creditors and will allow you to control the shape of your reorganization plan. Our lawyers will then work with you to help guide you through the creation and implementation of your plan.
Schedule Your Free Initial Consultation to Learn More
Contact us online to schedule your free 60-minute consultation. We will listen to your situation and provide you with full evaluation of your options.
We represent clients in Lynnfield, Wakefield and throughout the Commonwealth of Massachusetts.
