Restructure Your Business with Chapter 11 Bankruptcy
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Businesses that are going through serious financial issues have the option of filing for chapter 11 bankruptcy. This type of bankruptcy is designed to restructure the business to fulfill debts rather than dismissing them immediately. The manner in which chapter 11 bankruptcy impacts a business can vary dramatically.

Filing chapter 11 may release the business from obligation regarding certain contracts, could protect personal assets of the owners, or help guard the interests of the shareholders. Most importantly, chapter 11 bankruptcy allows for the business to pay off its debts in a structured way, over a course of time, while still making money and remaining viable. While primarily for the benefit of businesses, this chapter can also be used for consumers. Consult with us so we can help you determine if this is the appropriate choice for your financial needs.

Manage Unique Needs With Chapter 12

Chapter 12 bankruptcy is specifically designed for the financial needs of consumers in the fishing and agriculture businesses. Due to the unique financial needs of these groups, bankruptcy must be approached in a specialized way in order to address these needs effectively without negatively impacting the consumer's ability to continue contributing to the infrastructure of the country.

Family farmers and fishermen are able to restructure their debts so they can be repaid while they are still able to keep their industries producing an income. Visit Imblum Law Offices today!

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