Filing Chapter 11 bankruptcy allows you to keep certain property and reduce your debt through a court-approved payment plan that can clear a debt even if you only pay a small percentage of it. While some individuals choose to file for Chapter 11 bankruptcy because of certain financial restrictions, the vast majority of Chapter 11 filers are businesses and corporations. Other petitioners who choose this form of bankruptcy include medical groups, professional associations, and non-profit organizations.
In a Chapter 11 bankruptcy, the court carefully monitors all debt payments. If you are thinking about filing for Chapter 11, you should work with a qualified bankruptcy attorney to develop a sound plan of action. The requirements and obligation of Chapter 11 can be daunting if faced alone. At Ortiz & Ortiz, LLP we have represented numerous businesses in Chapter 11 bankruptcy proceedings and helped them reorganize their debts without temporarily closing or losing their businesses entirely. Our firm’s Partner Norma E. Ortiz has over 25 years of experience in this area of law.
Contact our experienced Astoria, Brooklyn and Manhattan business bankruptcy attorneys today to discuss your unique situation.
Astoria, Brooklyn and Manhattan Personal Bankruptcy Lawyers
Did you know that an experienced bankruptcy attorney can often protect some of a person’s property and assets through proper planning? It’s true. This is why it is so important to contact us if you are thinking about filing for bankruptcy. Our firm’s Partner, Norma Ortiz, has more than 25 years of experience tracking and dealing with bankruptcy law in New York and New Jersey. Having previously worked for the U.S. Department of Justice, U.S. Trustee’s Office, and a Manhattan bankruptcy judge, Norma is capable of analyzing every aspect of your economic situation to determine your best course of action.
Depending on your particular financial situation, needs and goals, our personal bankruptcy attorneys can file a Chapter 7, Chapter 11 or Chapter 13 bankruptcy on your behalf. As a small, family-owned firm, we will take the time to gain an understanding of your specific situation, answer all of your questions and carefully explain your options. In short, we provide the personal attention you deserve and the experience necessary to achieve the best possible outcome in your case.
Contact us today to discuss your situation. Many of our clients tell us that they feel a sense of relief and hope for the future after meeting with us for the very first time.