Manhattan Chapter 11 Lawyer
Serving Clients Throughout New York City Reorganize Their Debt
Chapter 11 is a reorganization of a business. It is available to both corporations and LLCs. Chapter 11 provides an opportunity for a business to reorganize its debts and operations to gain time to grow or to facilitate the sale of the business.
Do you need bankruptcy help? Call (646) 766-8308 for a Chapter 11 bankruptcy attorney in Manhattan.
What Is Chapter 11 Bankruptcy?
Chapter 11 is a form of bankruptcy available to corporations and LLCs. It is similar to Chapter 13 in that it involves a repayment plan. However, Chapter 11 is different in that it involves a business reorganization plan.
Unlike Chapter 7, Chapter 11 does not involve liquidation of assets. Instead, it involves a reorganization plan that allows the debtor to pay off debts over time.
Chapter 11 can be beneficial for businesses that:
- Need time to reorganize
- Want to negotiate with creditors
- Want to keep the business running
What Is the Purpose of Chapter 11?
The purpose of Chapter 11 is to allow a business to continue operating, while at the same time, reorganizing its debts. This means that you do not have to close your doors while you are going through the process of reorganizing your debts. Instead, you can continue to operate while you are working on your repayment plan.
Chapter 11 is beneficial to:
- Businesses that need time to reorganize
- Businesses that want to renegotiate debts
- Businesses that want to continue operating while they work on a repayment plan
Why Choose KI Legal?
We are here to help you navigate the Chapter 11 process. We are committed to helping you get the relief you need and deserve. We will help you create a repayment plan that will allow you to pay off your debts in a reasonable manner.
We can help you with:
- Providing advice on whether Chapter 11 is right for you
- Helping you create a repayment plan that will allow you to pay off your debts
- Reviewing and negotiating contracts
- Providing representation in court
Get Professional Guidance From an Experienced Attorney
If you are interested in filing for Chapter 11, it is important that you consult with an experienced attorney who can help you navigate the process.
At KI Legal, we have the knowledge and experience you need to successfully file for Chapter 11. We can help you determine if Chapter 11 is right for you and your business.
Contact us online or call us at (646) 766-8308 for experienced legal guidance and personalized solutions tailored to your unique bankruptcy situation.
Amazing law firm... fantastic at many facets of law. Highly recommend - great experience working with this highly efficient and expert team!- Former Client
Ralph has an exceptional knowledge of the law and an extremely high moral compass. He hates injustice and will pour his heart and soul into representing you and protecting your rights.- Former Client
Michael works hard and leaves it all on the table for his clients. I would recommend him for anyone seeking a lawyer that is 110 percent on their side.- George M.
I have seen Michael dedicate all his time, energy and effort into perfecting his craft. It has, without a doubt, developed him into the professional that he is today.- Oscar C.
Our lawyer was professional, knowledgeable and reliable through the process. I would recommend him to anyone.- John N.
Having Michael as my attorney was definitely the best decision I made. He fought hard for our case and remained patient. I never felt left out throughout the case and I was always informed of next steps.- Nayel S.
Michael and his firm are extremely thorough and work tirelessly to produce a good result. He is very knowledgeable, experienced, and dependable, and is furthermore an excellent advocate for his clients, no matter the issue presented.- Courtney S.
Michael was a great attorney! He was sensible about what we needed and was able to get it done. A great professional through and through!- Isaac F.