St. Louis Chapter 11 Reorganization Lawyer

St. Louis County Small Business Debt Reorganization Lawyer

Unforeseeable circumstances can create financial straits for even the most well-managed small businesses. In times of financial crisis, securing experienced counsel can help business owners find the path back to financial vitality. For business owners who are facing difficult debt, but who understand that there is still viability in their business, Chapter 11 bankruptcy can be an effective means of salvaging a business.

At the Law Offices of Steven K. Brown, our St. Louis bankruptcy attorney has been assisting businesses and business owners to find their way out from under debt for over 35 years. Our firm understands the commitment that you have made to the success of your business, and we will be there to support and guide your business on its road to recovery. Chapter 11 Bankruptcy Gives Businesses a Reprieve From Creditors

For many small businesses, simply being able to put a temporary halt to the necessity of paying debts can be the sort of reinvigoration that the small business may need to be able to rebound. In Chapter 11 bankruptcy, there is a several-month period during which the exact reorganization of the debt is accomplished.

During Chapter 11 a small business and/or its owner/s becomes a debtor in possession and acts as the business' trustee. This type of bankruptcy also allows a business owner to remain in control of the business during the process. This can be a great advantage as your business will continue to have someone who is intimately familiar with it making key decisions. If you wish to remain in business and if your total debt exceeds Chapter 13 limits, a small business Chapter 11 filing can be the answer. The current debt limits in Chapter 13 cases are: noncontingent, liquidated, unsecured debts of less than $336,900 and noncontingent, liquidated, secured debts of less than $1,010,650.

As a general rule, a "small business debtor" for Chapter 11 purposes means " a person engaged in commercial or business activities . . . that has aggregate noncontingent liquidated secured and unsecured debts as of the date of the petition or the date of the order for relief in an amount of not more than $ 2,000,000..."

Contact Us

For bankruptcy representation that will put your business first and help you get the most benefit you possibly can from the Chapter 11 bankruptcy process, call 314-732-0476, toll free at 888-894-8810 or simply contact us online to schedule your free initial consultation with our Missouri business bankruptcy lawyer. There is typically a nonrefundable $600 consultation fee associated with the initial analysis of a potential Chapter 11 debtor's situation. The familiarization process can be quite time consuming and the recommendation may turn out to be something other than Chapter 11 relief.

DISCLAIMER:

We are a Debt Relief Agency under the Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 as defined in 11 U.S.C.S. § 101(12A) of the Bankruptcy Code.
This site and any information contained herein are intended for informational purposes only and should not be construed as legal advice. Seek competent counsel for advice on any legal matter.