Chapter 11 Bankruptcy
Leveraging Bankruptcy To Grow Your Business
Chapter 11 bankruptcy filings are, in most cases, complicated affairs. They typically involve businesses — either large or small — with significant debt loads. In many situations, these entities will be indebted to a large number of creditors, each of whom will be aggressive in their pursuit of what they’re owed.
The goal of a Chapter 11 filing is to return a business to profitability (as opposed to a Chapter 7 filing, wherein businesses are often seeking simply to dissolve). As such, they tend to require a great deal of reorganization and business restructuring. Very quickly these matters become complex.
At Sanders Law Firm, our aim is to simplify the process. Our attorneys have relevant experience in multiple areas of business law, enabling them to provide sound counsel at every step. With offices in Albuquerque and Roswell, we’ve helped both creditors and debtors in such matters throughout New Mexico.
Getting A Business Back On Track
Both debtors and creditors can initiate a Chapter 11 filing. (When creditors do so, it is referred to as an involuntary petition.) Upon filing, all collections must cease and the business enters proceedings to create plans for repayment and restructuring.
Our firm offers skilled guidance throughout the process, helping our clients obtain the best possible legal outcomes. To learn more, reach out to us by calling 575-578-4392. You can also contact us online. We’re ready to answer your questions and address your concerns