A Chapter 11 bankruptcy is commonly used to reorganize a business, which can be a sole proprietorship, a partnership, or a corporation. An individual can also file a Chapter 11 bankruptcy, reorganizing their debts in ways that are similar to corporations that file Chapter 11, but also similar to reorganizing in a Chapter 13 Bankruptcy. If an individual has exceeded the debt limits or the income limits of a Chapter 7 or13 bankruptcy, a Chapter 11 may be their only option.

Some advantages of filing a Chapter 11 bankruptcy may include the ability to stretch out the repayment of mortgage arrears over a longer period than the five years required in a Chapter 13 bankruptcy, or repaying your car loan based on the value of your vehicle rather than the loan balance.

If your debts are unmanageable and you do not qualify for a chapter 13 bankruptcy, we can review your financial circumstances to determine if a Chapter 11 bankruptcy is an option that will give you the help you need.