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Chapter 11 Bankruptcy Attorneys in Miami

Reorganize Debt & Keep Your Company’s Doors Open

For companies, and in certain instances, individuals, Chapter 11 bankruptcy can offer a way to reorganize debt without the liquidation of assets. Chapter 11 reorganizations allow companies to continue operations, unlike Chapter 7 liquidations. Chapter 11 affords a business a breathing spell from its creditors, time to rehabilitate, and restructure its debts to its creditors. Because these proceedings are complex and time-consuming, it is important to work with a legal professional who can guide you while protecting your legal rights and interests. That is our goal at Edelboim Lieberman Revah Oshinsky PLLC.

When you work with a Miami, Fort Lauderdale, and West Palm Beach bankruptcy lawyer at our firm, you will have a team of legal advisers to help you identify and achieve your goals. Our lawyers have over 45 years of combined experience. They are highly-respected in their fields and apply their diverse and significant experience to properly represent our clients’ interests in Chapter 11 bankruptcy proceedings and in matters related to litigation, real estate and corporate law. We can properly advise you of your options, your rights, and the advantages and disadvantages of filing a Chapter 11 bankruptcy petition. Moreover, we will be with you through every step of your case to help you secure positive results.

Contact Edelboim Lieberman Revah Oshinsky PLLC today at (305) 712-6097 for a free consultation.

Chapter 11 Bankruptcy & the Automatic Stay

As with other types of bankruptcy, when you file your Chapter 11 petition an automatic stay goes into effect prohibiting all collection efforts against you or your company. This gives you a breathing spell from your creditors and an opportunity to pay your debts through a repayment schedule called a “Plan of Reorganization.” This can provide immediate and much-needed relief and allow you to improve your business and negotiate repayment terms without the burden of debt collection efforts. In some circumstances, you can also pay off debt for less than what is due to your creditors. Chapter 11 also affords business owners the opportunity to sell assets to pay creditors, reorganize the business or raise capital from outside investors or lenders.

What happens when you file your Chapter 11 bankruptcy petition?

  • Business operations can continue as normal;
  • An automatic stay will go into effect prohibiting all creditor collection efforts;
  • You will work with your counsel to devise a plan to pay debts to creditors;
  • You will repay creditors under the protection of the bankruptcy court;
  • You will explore options to raise new capital by issuing new debt or equity; and
  • You will file monthly operating reports with the court.

Chapter 11 bankruptcy can offer a company the opportunity to become profitable by restructuring and discharging debt. To discuss this option with a knowledgeable professional, contact a Miami, Fort Lauderdale, and West Palm Beach Chapter 11 bankruptcy attorney at Edelboim Lieberman Revah Oshinsky PLLC. Your initial consultation is confidential and free.

Call our team at (305) 712-6097 to get started.

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