February 23, 2012

Chapter 11 Business Bankruptcy

We are a debt relief agency.

We assist people and businesses file bankruptcy cases.

Chapter 11 is the Chapter of Title 11 of the U.S. Bankruptcy Code which governs the process of re-organization under the bankruptcy laws. When businesses are in trouble and are unable to pay its creditors, it can file (or be forced by its creditors to file) for protection under either Chapter 7 or Chapter 11. A Chapter 7 usually means that the business’s assets will be liquidated to pay it’s creditors, and then cease operations. Chapter 11 is an attempt to stay in business while the court supervises the re-organization of the company’s contractual debt obligations. The court can grant complete or partial relief from most of the company’s debts and its contracts, so that the company can make a fresh start.

For more information on whether your business may be eligible, please call to make an appointment.

The Law Offices of Thomas W. Lynch & Associates, P.C.
9231 S. Roberts Road
Hickory Hills, IL 60457
TEL: (708) 598-5999 – FAX: (708) 598-6299
E-Mail: info@thomaswlynchpc.com

Directions To This Location

Learn about different types of Bankruptcy:

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