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Chapter 11 Bankruptcy Services

Home / Bankruptcy Services / Bankruptcy Law / Chapter 11 Bankruptcy Services

Chapter 11 Bankruptcy Attorney Connecticut

Chapter 11 Bankruptcy Attorney Hartford and New Haven CTWe provide chapter 11 bankruptcy lawyer services to people near Hartford and New Haven who are facing overwhelming debt. If you’re facing legal action because of your debts, read on to find out more about our chapter 11 bankruptcy services, and how our attorneys will help you get back on track.

Should I file Chapter 11 bankruptcy?

Chapter 11 is a form of debt reorganization used by businesses to allow them to keep operating under a debt repayment plan. It is also an effective bankruptcy tool for individuals who have more than $1.08 million in secured debt and $330,000 in unsecured debt and do not qualify for Chapter 13 bankruptcy.

Usually corporations are the ones that file for Chapter 11, but small businesses might file for it as well. Individuals might also file for Chapter 11 in limited circumstances.

Advantages of Chapter 11 Reorganization

Although the Chapter 11 process can take more time and cost more money than Chapter 7 and Chapter 13 bankruptcy, there are advantages that come with it.

For example, debtors are provided more time to create a plan to pay back their debts and to reorganize their businesses. In most cases, the primary purpose of Chapter 11 is to aid businesses to reorganize and trim costs in such a way that they can become more profitable and financially stable following bankruptcy.

Either the debtor business or creditors of that business can file for Chapter 11. When creditors file, it’s known as an involuntary Chapter 11 petition. After it has been filed, an automatic stay will go into effect. The automatic stay ceases all debt collection activities on the part of creditors.

The debtor will then create a business and debt reorganization plan. The debtor will also negotiate more realistic payback terms with creditors.

After filing the petition, the business will continue operations uninterrupted. With the assistance of the bankruptcy court, the debtor will also create a debt repayment plan. Repayment amounts will usually be less than the original amount of the debt.

Numerous businesses throughout the nation have saved their bottom line — and the future viability of their operations  – via Chapter 11 bankruptcy proceedings. Could your business benefit from Chapter 11 bankruptcy? We will help you find out.

Experienced Chapter 11 Attorneys

Unlike attorneys who advise on Chapter 7 and Chapter 13 consumer bankruptcy, we assist with Chapter 11 reorganization or understand how to use it to their client’s advantage. At The Law Offices of Ronald I. Chorches, in Hartford, CT, we have helped scores of individuals and businesses create a workable payment plan under Chapter 11, and eliminate much of their unsecured debt or financing.

When you contact us, we help you prepare a plan of action and prepare you for court appearances at the U.S. Trustee’s Office. Our goal is to get you or your business back on its feet, eliminate as much debt as possible and develop a plan that allows you to make payments that work within your budget.

Get In Touch With Us

For a free, confidential consultation on how Chapter 11 bankruptcy can benefit businesses and individuals, please contact us online or call The Law Offices of Ronald I. Chorches at 860-563-3955.

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    “Most experienced attorney my husband and I have ever worked with. He immediately knew what to do and clearly explained our options to us. Very honest and well trusted. He’s assisted my family over the years with several different matters.”
    Evelyn G.
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    Office Locations

    Wethersfield Office

    82 Wolcott Hill Rd., Wethersfield, CT 06109

    860-563-3955


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    261 Bradley Street, Second Floor, New Haven, CT 06510

    203-494-1700


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    21 West Main Street, Waterbury, CT 06702

    203-494-1700


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    487 North Main Street, Winsted, CT 06098

    860-379-5962

    Also Serving Bridgeport CT, Hartford CT, Manchester CT, and all of Connecticut

    Resources
    • Asset Protection Lawyer New Haven, CT
    • Asset Protection Lawyer Wethersfield, CT
    • Bankruptcy Lawyer Manchester, CT
    • Bankruptcy Lawyer Waterbury, CT
    • Chapter 7 Bankruptcy Lawyer Waterbury, CT
    • Foreclosure Defense Hartford, CT
    • Foreclosure Lawyer Waterbury, CT
    • Foreclosure Lawyer New Haven, CT
    • Mortgage Modification Lawyer New Haven, CT
    • Small Business Bankruptcy Lawyer New Haven, CT
    • Tax Debt Lawyer Hartford, CT
    • Foreclosure Lawyer Hartford, CT
    Contact Info

    New Clients: 860-935-6391
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    Our Attorneys
    • Ronald I. Chorches
    • Martin Chorches
    • Marjorie Gruszkiewicz
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    • Monday: 9:00am – 5:00pm
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      • Home
      • Services
        • Bankruptcy Law
          • Chapter 7 Bankruptcy
          • Chapter 11 Bankruptcy
          • Chapter 13 Bankruptcy
          • Small Business Bankruptcy
          • Bankruptcy and Divorce
          • Bankruptcy FAQs
        • Non-Bankruptcy Options
          • Debt Relief
          • Debt Consolidation
        • Debt Relief Solutions
          • Credit Card Debt Relief
          • Student Loan Debt Relief
          • Medical Debt Relief
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        • Preventing Home Foreclosure
          • Loan Modifications
          • Mediation Process
          • Waiting Time To Buy
          • Keeping Appliances
          • Selling Home Before
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      • Our Attorneys
        • Ronald I. Chorches
        • Martin Chorches
        • Marjorie Gruszkiewicz
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