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Peachtree City Lawyer - Chapter 11 for Corporations

All over the Atlanta area, not only individuals and small businesses are suffering from the downturn in the economy, corporations are also experiencing exceptionally hard times. If this is happening to your corporation, it is crucial you seek out experienced legal counsel who can help you explore your options and execute a sound plan to save your business.

Located in Peachtree City, Georgia, at the Tierney Law Firm, I have been helping corporations in the area use Chapter 11 bankruptcy to help reorganize and get back their financial footing. To learn more about this option, please contact me to schedule an appointment today.

While Chapter 11 bankruptcy is not the right fit for every corporation, if you do qualify, these are some of the benefits that will be available to you:

  • Once you file, any levy or foreclosure actions will immediately stop and give you time to catch up on payments or negotiate a new payment plan
  • You business tax problems will also stop and a stay will be issued
  • You will buy your corporation time to get financing for assets and other needs
  • A Chapter 11 allows you to retain control of your assets, payroll, and employees so you can figure out the next steps without interference or pressure bearing down on you
  • You will receive time to deal with your creditors, and a judge can force agreements with any creditor if and only if they do not want to deal with you
  • The corporation will stay in possession of assets, unlike a Chapter 7 filing

Overall, Chapter 11 corporate bankruptcy gives you more control to restructure and reorganize so you can stay in business. However, the whole process requires an attorney because it can be complex and take time. I will help you file schedules, income and other monthly reports showing profits and losses required by the court.

I have been practicing since 1990, so I am familiar with the process and all the changes in the law that have taken place. I will help you formulate a plan that will be accepted by the courts and make sure you execute each step efficiently, including maintaining all assets for the benefit of your creditors.

Contact My Law Office to Speak With a Fayetteville Business Tax Lawyer

Choosing a qualified and skilled lawyer can make a difference. Contact me toll-free at 678-723-4261 or send an e-mail today to schedule an appointment.

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

We Can Help You.

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