Chapter 11 Bankruptcy can be an excellent method to deal with the financial problems of companies who have encountered excessive debts, numerous debt based lawsuits, liquidity problems, temporary downturns in business, or even the need to reject certain leases or contracts. Reorganization of business debt under Chapter 11 may at times be a much better option for the Debtor and its Creditors as opposed to liquidation under Chapter 7 Bankruptcy.
Do you owe more than you can pay?
Are you are having trouble paying credit card, medical, or other bills?
Is a lender threatening to foreclose on your home or other real property?
Are you are behind on your car payments?
Are creditors phoning, dunning, threatening or suing you?
Do you need to stay creditors from taking action against you?
Do you need to discharge debts?
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