Elizabeth A. Haas, Esq., PLLC is familiar with all of the rights available to an individual or corporation who wants to file bankruptcy and can advise on:
TYPES OF BANKRUPTCY AND RELATED ISSUES
A Chapter 11 proceeding, often referred to as a Reorganization, is ordinarily used by businesses who wish to remain in operation and repay creditors through a court approved plan for the repayment of debt. It is also available for individuals depending on the facts of the case. Chapter 11 can also be used for an orderly liquidation of a business.
OUT OF COURT DEBT RESTRUCTURING
It may not be necessary to seek bankruptcy protection if debt can be restructured directly with the lender. This can be a viable and cost effective alternative for a financially troubled business or individual.