The Chapter 11 Bankruptcy Process

Chapter 11 bankruptcy is a form of bankruptcy generally reserved for the reorganization of businesses. While this type of bankruptcy protection is available for any type of business, it is most commonly used by corporations. When a company files for Chapter 11 bankruptcy, they must file a bankruptcy petition with the bankruptcy courts as well as a plan for reorganization and records of all assets and liabilities.

If you or someone you know is thinking about filing for bankruptcy, it is important that you have the right legal assistance on your side every step of the way. Contact the Arizona bankruptcy lawyers of the Harmon Law Office, LLC today at 480-829-0494 to schedule a free consultation with a qualified member of our legal team and discuss your options.

Repayment Plan

When filing a repayment plan for Chapter 11 bankruptcy, the corporation or business must discuss how they plan to address and pay all of the claims creditors have on them. The creditors then get to vote on the repayment plan.

After the statement has been approved, the court will then have a confirmation hearing to complete the bankruptcy process and discharge the debts.

Contact Us

At the Harmon Law Office, our legal representatives are dedicated to helping you fight for financial freedom every step of the way. Let us handle your case while you focus on taking care of yourself and your family. Call the Arizona bankruptcy lawyers today at 480-829-0494 to discuss your case with an experienced legal professional.