Business Reorganization and Restructuring - Chapter 11

When businesses are in severe financial distress, Chapter 11 provides a way to avoid shutting down. The SFS Law Group brings sophisticated skills and extensive experience to help its business clients successfully navigate through a Chapter 11 reorganization and restructuring.

Our goal is for our clients to stop the financial damage, reach a stable solution, and ultimately have their businesses recover from the current crisis and go on to thrive and grow. Chapter 11 gives a business time to work with its creditors to find a solution that preserves the value of the business and its assets.. Creditors are temporarily barred from pursuing collection actions, giving the business an opportunity to negotiate, restructure debt, and make new plans for the future. In addition to stopping collection actions and creditor lawsuits, Chapter 11 also helps businesses improve their cash flow, pay overdue taxes, reduce debt, and protect their employees.

For a Small Business, the Bankruptcy Code has created a special Subchapter V if Chapter 11 Reorganization powers to provide a prompt and effective road to reorganization that gives small businesses greater power in dealing with their creditors than historic Chapter 11 relief. Creditors of small businesses will encounter new challenges in recovering value under the New Subchapter V due to the favorable treatment of the distressed companies under its protection. 

The SFS Law Group guides its clients through the process of preparing and filing the necessary documents, including the Chapter 11 petition, the various required schedules, and the statement of financial affairs. Preparing a Chapter 11 plan is a complex undertaking that involves finding solutions that protect the interests of the debtor businesses that will gain the required approval of creditors, all while the business is still in operation. If you need an attorney in Charlotte, NC, Washington, D.C., or New York, with the experience, knowledge, and skill to successfully formulate a Chapter 11 plan, contact the SFS Law Group today to learn more.

Chapter 11 Reorganization Saves Businesses in Financial Distress.

The SFS Law Group helps companies successfully file Chapter 11 to reorganize and restructure their debt.