San Jose Chapter 11 Bankruptcy Lawyers
Chapter 11 bankruptcy is often referred to as reorganization bankruptcy. Most of the filings carried out under Chapter 11 are done by businesses. However, this may be a viable form of debt relief for certain individuals as well. Whether you own a business or are in need of consumer debt relief, our attorneys can help determine whether this may be the best option for your situation.
At Diemer & Wei, LLP, our San Jose Chapter 11 bankruptcy attorneys are committed to meeting the needs of businesses and families throughout the Bay Area. If you are overwhelmed by debt, we can help you find a path to a brighter financial future. Contact our California debt relief lawyers online or call 408-971-6270 to schedule an appointment to discuss your situation.
Helping Northern California Businesses Reorganize
When a business is unable to pay its creditors or meet its monthly expenses, seeking protection under Chapter 11 may be the best option. Filing for Chapter 11 allows a business to remain in control of its functions while meeting financial reporting requirements as required by federal law. This enables a business to continue its operations while not being on the hook for debts until a bankruptcy plan is approved. Once a bankruptcy plan is approved, most prior debts will likely be discharged, enabling a business to come through bankruptcy leaner and more fiscally responsible.
Getting Individuals a Fresh Financial Start
Chapter 11 has become more and more common for individuals who may not otherwise qualify for Chapter 7 or Chapter 13 bankruptcy. This can be a somewhat more lengthy and involved process, however it is nonetheless a useful tool for putting an end to creditor harassment and discharging certain debt. The attorneys at Diemer & Wei, LLP, can let you know whether this is the right option for your situation.
Contact Our Northern California Bankruptcy Attorneys Today
Whether you own a struggling Northern California business or are grappling with overwhelming consumer debt, there are options available that may help you get the relief you need. Contact our San Jose Chapter 11 bankruptcy lawyers online or call 408-971-6270 for an initial consultation to discuss your situation.
We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code. Diemer & Wei, LLP, is pleased to be able to offer a wide variety of services to its clientele, including advice concerning bankruptcy, whether that matter relates to creditor claims, debtor claims, preferential transfer actions, recoupment claims or any general business litigation matter.