Jupiter Chapter 11 Bankruptcy Lawyer
Business owners face a different set of pressures from those of other consumers. In addition to providing a living for themselves and their own families, they often have partners, investors, and employees who depend on their success to provide for their families as well. When outstanding debts become impossible to juggle, it can lead to the loss of your reputation in the community, along with lost profits and reduced hours, layoffs, and even the closing of the business itself. In these situations, the law firm of Nowack & Olson, PLLC can help to salvage the money you invested and the future returns you hope to make. Our Jupiter Chapter 11 bankruptcy lawyers can guide you through your available options, to help determine the best course of action in your particular case.
Protecting the Interests of Business Owners and Their Associates
Chapter 7 and 13 bankruptcy proceedings can help to provide relief for honest debtors, so that they are able to regain their financial footing without losing property that is important to them, such as their homes or vehicles. However, business owners tend to have more complex needs, which Chapter 11 was designed specifically to address.
Under the United States Code (11 USC Ch. 11), a Chapter 11 bankruptcy is designed as a reorganization. Rather than selling off all assets to satisfy debts, thereby forcing the business to close, it allows business owners to restructure payments and keep their doors open. In addition to protecting their own future profits and the financial security of their families and their business partners or investors, it also protects the vendors and other businesses they work with. Chapter 11 allows the owner act as the ‘debtor in possession’ of the business, while operating under the oversight of creditors and the Chapter 11 trustee in their case.
Professional Legal Guidance Throughout the Bankruptcy Process
At the law firm of Nowack & Olson, PLLC, we will carefully guide you throughout the bankruptcy process, making sure your rights and best interests are protected. We can ensure any legal documents and related paperwork are filed correctly through the Florida bankruptcy courts, helping to resolve your case in the most effective and efficient manner possible. Information required by the court that we can assist you in assembling includes:
- Schedules of your business assets and liability;
- Reports on income and operating expenses;
- Credit counseling certificates, which are required to file bankruptcy;
- Documents that may be required by co-owners in your business, including partners and family members.
There are situations in which other types of bankruptcy may be better suited to your situation, along with cases in which Chapter 11 may serve the needs of individual consumers. The best way to determine the best type of filing for you is to meet with our experienced Jupiter bankruptcy lawyer.
Contact Our Jupiter Chapter 11 Bankruptcy Lawyers Today for Help
When facing issues that threaten your financial security, the law firm of Nowack & Olson, PLLC provides the trusted, professional legal representation you need. Call or contact our Jupiter Chapter 11 bankruptcy lawyers and request a free, 60-minute consultation to discuss your case.