Noblesville 317-773-4300 Greenwood 317-884-5080
The Law Offices of Brian Schellenberg
Representing Bankruptcy Clients Throughout Indiana

What Is Chapter 11 Bankruptcy?

Many businesses go through tough times. The key to success is knowing when to re-evaluate your needs and come up with a new plan. If your business cannot keep up with its debt, you may want to consider business bankruptcy. The Law Offices of Brian Schellenberg helps businesses reorganize their debt and get back on their feet. With Chapter 11 bankruptcy, you could get the fresh start you need to succeed.

Give us a call today to discuss your particular situation. With offices in Noblesville and Greenwood, we serve clients in the Indianapolis area and throughout central Indiana.

How Would Chapter 11 Help You?

Chapter 11 bankruptcy is similar to Chapter 13 bankruptcy, but it is designed mainly for businesses. We will come up with a reorganization plan to file with the court, which then has to be approved by your creditors. As long as you can provide some type of financial benefit to your creditors, you will be allowed to reorganize your debt in a manner that allows your business to continue to operate.

How Chapter 11 Bankruptcy Works

Chapter 11 can be a very complex process, requiring a lot of paperwork. Looking at monthly operating reports, net worth statements and insurance information, we will work with you to come up with a plan that reflects your needs and responsibilities. Lengthier than Chapter 7 or Chapter 13 bankruptcy, it works best for small and closely held businesses.

What Chapter 11 Bankruptcy Means For You

If your business is failing because of your debts, Chapter 11 will give you a second chance. By reorganizing your debt into a plan you can afford, our lawyers can help you come up with a plan to operate at a profit while making timely payments to your creditors. If you are not a viable business with long-term goals, you may want to pursue Chapter 7 or Chapter 13 instead.

Get The Skilled Counsel You Need

If you want to save your business, it may be time to start exploring Chapter 11 bankruptcy. With offices in Noblesville and Greenwood, we help clients across Indiana. Call us at 317-773-4300 or 317-884-5080, or contact us online today for a free initial consultation.

We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.

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