Florida Attorneys Represent Businesses in Chapter 11 Bankruptcy Cases
Boca Raton firm guides companies through the reorganization process
Running a business is a constant, unpredictable challenge. When circumstances change and serious adjustments are needed to meet current and future financial demands, Chapter 11 bankruptcy can provide a legal lifeline. At our Boca Raton firm, Shapiro, Blasi, Wasserman & Hermann, we have the knowledge and experience to find creative ways for businesses to reorganize their debt load and operations while keeping their doors open. With 50 years of combined practice, our attorneys can handle the toughest negotiations and most sophisticated financial structures to give your business the best chance at relieving its debt.
Dedicated lawyers seek creative solutions to keep companies in operation
Both small businesses and large corporations have used Chapter 11 proceedings to streamline their expenses, revise payment agreements and return to profitability. Our seasoned bankruptcy lawyers will explain how Chapter 11 can benefit your company and can detail each aspect of the process, including:
- Filing and automatic stay — After carefully examining your circumstances, our firm will present a petition to the court seeking Chapter 11 protection. Upon filing, an automatic stay is issued, which means that collection efforts and related actions must stop until a plan is approved by the court.
- Reorganization plan — An optimal Chapter 11 reorganization plan addresses the specific challenges facing the debtor while establishing fair terms for creditors. We’ll take an exhaustive look at all the potential areas that can be improved upon and will propose sound plans for dealing with secured and unsecured debt.
- Approval — It’s important to show creditors that keeping your company in business under the new structure gives them a better chance at recouping funds than a complete liquidation. Regardless of how complex your restructuring might be, we’ll demonstrate your good faith efforts and maximize the likelihood of creditors’ committee approval.
- Duration — Sometimes, creditors agree to the new terms quickly, and a business can emerge from bankruptcy only a few months after filing. However, the process could last for 18 months or more. During this period, we provide monthly operating reports to show your compliance with the obligations set forth in the plan.
In these matters, as well as Chapter 7 liquidations and Chapter 13 repayment plans, we concentrate on identifying and executing solutions tailored to our clients’ needs. In a free initial consultation, we’ll outline how reducing expenses, changing terms and perhaps discharging some debt will change your company’s financial outlook.
Contact a knowledgeable Florida Chapter 11 bankruptcy lawyer for a free consultation
Shapiro, Blasi, Wasserman & Hermann advises South Florida businesses on reorganization through Chapter 11 bankruptcy proceedings. Please call 561-477-7800 or contact us online to make an appointment for a free initial consultation. Our office is located in Boca Raton.