When Chapter 11 Bankruptcy is the Right Choice
What happens when an individual has so much debt that Chapter 7 and Chapter 13 bankruptcy simply won't work? What happens to businesses when they need to file bankruptcy?
Chapter 11 is the form of bankruptcy that is designed to deal with extremely large debts. This form of bankruptcy is most often used by individuals who have formerly owned businesses and are now left with the burdening debts that they cannot repay. However, it can also be used by businesses that want to restructure and overcome debt, as well as individual debtors facing a variety of large non-business debts.
When you choose the Davis Law Firm, you will work directly with attorney Nathan Davis, a Certified Specialist in Bankruptcy. You will get the attention necessary to determine whether Chapter 11 makes sense for you.
You Can Overcome Debt in Time
Chapter 11 bankruptcy allows for the creation of a payment plan. There is a great deal of flexibility available in terms of the structure of that payment plan. Typically, the size of the debts that require this form of bankruptcy are so large that the plan will take more than five years to be completed. After that time period, all remaining debt will be eliminated and you will be able to move forward.
More Than 30 Years of Bankruptcy Experience
Clients in Charleston and the surrounding parts of South Carolina have been turning to our law firm for help since 1975. They turn to us because we know the law. We have seen the challenges that arise. We know how to overcome those challenges.
More importantly, we take pride in standing beside our clients. Every case is different. There is no substitute for spending the appropriate amount of time with everyone who comes into our office. This is what allows us to provide the right guidance for every client we serve.
Free Consultations are Available
Not only are consultations free, our fees are competitive. Contact us today to discuss Chapter 11 bankruptcy with an experienced lawyer.
We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.
