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North Atlanta Chapter 11 Business Bankruptcy Lawyer

Serving Woodstock · Canton · Marietta · Smyrna · Vinings · Duluth

If you or your business is struggling with unpayable debt, Chapter 11 bankruptcy may be the solution you are looking for. The point of Chapter 11 is that it allows you to stay in business while you address the issue of debt repayment.

Chapter 11 is typically used by businesses and corporations that seek to reorganize debt obligations to give you "breathing room" from debts and contracts, so you can create a repayment plan that will allow you to restore your business to viability. Your business survives and your creditors get their money eventually. Because Chapter 11 works for both creditors and debtors, it is a true win-win scenario.

Marietta Business Reorganization Attorney

During the first 120 days after filing for Chapter 11, your business has the exclusive right to draft a plan of debt rescheduling. This period can be lengthened or shortened by the court, but it cannot go longer than 18 months. Creditors with competing repayment plans may attempt to persuade the court to deny the debtor exclusivity. It is the bankruptcy judge's responsibility to resolve these reorganization plan requests.

Atlanta Chapter 11 Business Bankruptcy Attorney

Chapter 11 bankruptcy is an option for most businesses. A business may look to file a Chapter 11 bankruptcy if:

  • It is being faced with a foreclosure of a property or a repossession of certain assets (cars, trucks, buses, planes, boats, etc.).
  • It is about to be or is currently being garnished or is about to be shut down by the Internal Revenue Service or another taxing authority.
  • It is facing a large amount of debt that it cannot pay back according to the terms of the creditors.
  • It is facing lawsuits or other legal actions that will cause interruption to the business.

Corporate Debt Restructuring

Chapter 11 is not the right solution for every business. To find out if it's right for your situation, contact Brian Limbocker at Limbocker Law Firm, LLC. We can explain your Chapter 11 options, and the step-by-step approach that solves your most pressing financial problems.

One lawyer in Atlanta's north metro area can help with Chapter 11 business bankruptcy. Call Atlanta Chapter 11 business bankruptcy attorney Brian Limbocker at 678-401-6836, or write him using this email form.

We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.

Bankruptcy Atlanta GA Attorney Intro

http://www.limbockerlawfirm.com 770-933-6267 Our Atlanta GA law firm practices in the areas of consumer bankruptcy law, tax law, and estate planning. With over 10 years’ experience we are able to provide our clients with top-notch legal services.

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Limbocker Law Firm, LLC, serves businesses and individuals throughout the North Atlanta metro area, including the cities of Atlanta, Marietta, Vinings, Duluth, Norcross, Woodstock, Sandy Springs, Kennesaw, Canton, Cartersville, Smyrna, Powder Springs, Acworth, Roswell, Mableton, Lawrenceville, Alpharetta, Jasper, Suwanee, Dallas and Douglasville. We also serve clients in these counties: Fulton County, Cobb County, Gwinnett County, Cherokee County, Douglas County, Pickens County and Paulding County Georgia.

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