Pittsburgh Chapter 11 Bankruptcy Attorney

Bankruptcy is a legal process that officially declares a debtor unable to pay back their creditors. There are six different forms of bankruptcy called chapters that can be adapted to the needs of different filers. Businesses that are unable to pay back creditors may choose to file for a Chapter 11 bankruptcy.

Unlike a Chapter 7 filing, a Chapter 11 bankruptcy allows the business to stay in control of its finances. A trustee still must be appointed, but that trustee can be the business owner or another business employee. The CEO or the board of directors may go through their assets on their own and submit a repayment plan to the court for approval.

Upon hearing these perks, many business owners prefer to file for Chapter 11 bankruptcy. However it is important for all businesses to understand the necessity of hiring an experienced Pittsburgh bankruptcy attorney to be an advocate for their interests in court. The court may not want to approve all of the terms of your repayment plan, but the Pittsburgh Bankruptcy Attorney can ensure that you have a fighting chance in remaining in control of your business’ finances.

By appointing the Pittsburgh bankruptcy attorney, you are guaranteeing your business the best bankruptcy deal possible for your case. Our legal team is experienced and knowledgeable about more than the bankruptcy code, but how to repair your credit and get your finances back in order. Contact us today for a free initial consultation with the Pittsburgh bankruptcy attorney.