Ch 11 Bankruptcy in Nashville, TN

Long, Burnett, and Johnson, PLLC

Chapter 11 is a form of bankruptcy used by businesses to reorganize their debt.  It may be appropriate if the business is still producing revenue but needs to change how the existing debts are paid.  Often times small business owners believe they need to file Chapter 11 because they believe this is the type for business when in reality they may not need to file bankruptcy, another chapter is more suitable, or they need personal help because of business debt they are personally liable for.

If you own a struggling business,  your next move is to discuss ch. 11 bankruptcy with an attorney. At Long, Burnett, and Johnson, PLLC, we offer expert advice from skilled bankruptcy attorneys. Contact us to make a free consultation appointment by dialing (615) 386-0075 or filling out the contact form on our website.

About Chapter 11 Bankruptcy for Businesses

Chapter 11 bankruptcy is an option for businesses that find themselves in debt, still have a viable business and income.  Chapter 11 bankruptcy is bankruptcy that allows a business to restructure the debt through ch. 11 reorganization plans, such as changing the terms of payments and reducing the amount of debt the company owes. A bankruptcy court and some of your creditors need to approve the plan. The business is also able to sell some of its assets to help cover the debts. Under chapter 11 bankruptcy laws, this bankruptcy option is open to small businesses that are corporations, partnerships or LLCs without other bankruptcy choices. It’s also an option for small businesses that are not eligible to file for chapter 13 bankruptcy. This type of bankruptcy helps a business deal with debts while staying up and running.

Gain Advice From an Experienced Chapter 11 Bankruptcy Lawyer

Make an appointment with the licensed attorneys at Long, Burnett, and Johnson, PLLC to have chapter 11 bankruptcy explained. During your consultation, one of our bankruptcy attorneys, Jon Long, Esq., Jennifer Johnson, Esq., Alise Housden, Esq., or L.G. “Buddy” Burnett, Jr., Esq., can make the process clearer to you and offer legal advice on whether you should choose ch. 11 bankruptcy for your Nashville business. We can also provide guidance on chapter 11 vs chapter 7 bankruptcy, as well as chapter 11 vs chapter 13 bankruptcy. You will gain a full understanding of each type and which one is the right fit for your situation through a ch. 11 bankruptcy lawyer at our office. We never toss your case off to a paralegal.

Filing for this type of business bankruptcy can differ based on the type of business you have. There are some procedures that small businesses can take advantage of to make the process easier and less expensive than what a large corporation would face. Our lawyers can educate you on these procedures and how they might work in your case.

How Much Are Chapter 11 Attorney Fees?

Your initial consultation is absolutely free. This gives you the opportunity to learn more, ask questions and find out some options to alleviate your situation. You will meet with an actual chapter 11 bankruptcy Nashville attorney instead of having an appointment with a paralegal. We don’t even limit the amount of time of this consultation, so you can ask as many questions as you need to. If you decide to work with us after your consultation, we can discuss the attorney fees with you.

Come In for a Free Consultation

Is your business looking to learn more about chapter 11 bankruptcy? At Long, Burnett, and Johnson, we can help you decide if small business bankruptcy is the right option for your financial circumstances during your free ch. 11 bankruptcy consultation at our office. Call (615) 386-0075 or use our website contact form to take advantage of your free consultation session.