Experience That Represents You
SOLID LAW PRACTICE
Since its inception in 1993, Danowitz & Associates, P.C. has expanded its focus from consumer issues to a comprehensive range of services to our business clients.
WE REPRESENT YOU
Our regular clients include local, national and international businesses in manufacturing, transportation, distribution, restaurant, and technical areas.
QUALITY LEGAL SERVICE
We strive always to provide the highest quality legal services and to be responsive to our
clients’ ever changing needs.
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DEDICATED ATLANTA, GA LAWYERS
Questions about Chapter 11 Bankruptcy?
Out of control debt can slowly suffocate your business like a financial boa constrictor. When your business loses the ability to meet its financial obligations as they come due, filing for Chapter 11 bankruptcy might be your only option. Your creditors might even force you into Chapter 11 bankruptcy.
Fortunately, however, bankruptcy does not necessarily mean a death sentence for your business. Handled appropriately, a well-considered and well-executed bankruptcy can act as a pivotal event that restores your business to long-term prosperity. Nevertheless, bankruptcy can be a traumatic event that eats up your limited time and clouds your judgment. In these trying times, an experienced Chapter 11 Bankruptcy Lawyer can help you carefully evaluate your options and set clear goals for your business.
If you have questions, the Atlanta Bankruptcy Lawyers at Danowitz & Associates are here to help. Call 770-933-0960 or fill out the online form to schedule a consultation today.
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When Chapter 11 Makes Sense
At least three different forms of bankruptcy are available for financially distressed businesses – Chapter 7, Chapter 11, and Chapter 13. All of these options involve unique advantages and drawbacks. Chapter 11 bankruptcy might be the right option for your business if:
- You want your business to emerge from the bankruptcy process as a going concern (impossible under Chapter 7 bankruptcy);
- Your business debts exceed Chapter 13 bankruptcy debt limits — currently $383,175 in unsecured debt and $1,149,525 in secured debt;
- Your business is organized as a partnership, a limited liability company or a corporation (ruling out Chapter 13 bankruptcy);
- You cannot pay your debts in three to five years (as Chapter 13 bankruptcy requires).
What happens during a Chapter 11 Bankruptcy?
QUESTIONS ?
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