Chapter 11 Corporate Bankruptcy Attorneys in South Florida
Supporting Clients from Offices in Pompano Beach & Miami
Chapter 11 bankruptcy is a business bankruptcy for those that have high debts and/or high
asset. Chapter 11 is a more complex bankruptcy, but it may be the right decision for you.
Call Bilu Law today at (954) 239-7386 or contact us online to schedule a consultation!
Why Choose Bilu Law?
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Decades of ProficiencyWith two decades of dedicated service, we've assisted countless clients with their legal needs, covering 67 counties in Florida.
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Swift and AccessibleOffering seasoned legal guidance, our attorneys respond promptly and are easily accessible when you require their expertise.
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Hablamos EspañolOur proficient team, including Spanish speakers, ensures that you fully comprehend the intricacies of your case.
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Global Legal ExpertiseWe are proud members of an international law firm network, enabling us to provide assistance to clients nationally and worldwide.
Benefits of Chapter 11 for Businesses
Chapter 11 allows filers all the typical benefits of bankruptcy, including debt relief and a stop to collection actions through the automatic stay. However, Chapter 11 offers a specific and significant benefit to businesses.
Mainly, you can continue running your business while completing a Chapter 11 bankruptcy. While other forms of business bankruptcy, like Chapter 7, offer simplified proceedings, the filer will need to turn over their business assets to a bankruptcy trustee. Chapter 11 gives business owners the option to retain control of their businesses.
The Chapter 11 Bankruptcy Process
When filing a Chapter 11 petition with the court, the debtor must also file documentation of the following:
- All assets and liabilities of the business
- Current income and expenses of the business
- Contracts and unexpired business leases
- A statement of financial affairs
With this petition, the debtor can submit their reorganization plan. There is no specific time period for a Chapter 11 case, though it is common for these cases to wrap up within six months to two years.
Hear From Our Happy Clients
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"They cared about their clients."
I'm honored to leave Bilu Law this great review. After calling many lawyers in Florida about a real estate issue, I felt Bilu Law genuinely cared. They listened, asked the right questions, and made my desired outcome their priority. The cost was reasonable, and their dedication was relentless.- Carlos -
"Willing to fight when others gave up."
Bilu Law and their associates were willing to fight for me when other firms wanted to throw in the towel. Their professionalism and dedication resulted in the best outcome I could ask for. I highly recommend this firm. Many thanks to all.- Emporio -
"Highly recommend for legal matters."
Bilu Law advised and completed my Trust paperwork to my satisfaction. The team consistently delivers, even during Covid-19. Calls are quickly returned, and there's a warm atmosphere. Highly recommend for settling legal matters.- Aldith -
""Choosing this law firm was the best decision I have ever made.""
"I had the pleasure of working with Ron Bilu and his assistant Andrea. Choosing this law firm was the best decision I have ever made. Both Ron and Andrea were with me every step of the way and were very kind, helpful, and knowledgeable. In the end i was very pleased with the results and would recommend his services to anyone in need of a great real estate attorney. Thankyou so much Ron!"- Doris -
""They are professional, aggressive and the keep us informed of progress of our cases.""
"Our firm has engaged Ron Bilu and Nick Rossoletti and their amazing team of effective legal professionals for a variety of litigation matters and they are professional, aggressive and the keep us informed of progress of our cases. Their experience and knowledge of the law combined with a results oriented approach has helped our bottom line."- Jeffrey -
""ABSOLUTELY AMAZINGGGGGG!!!!!!!!!""
"ABSOLUTELY AMAZINGGGGGG!!!!!!!!! Ron Bilu and Andrea Valencia helped me beyond what I expected! They listen carefully to you and will fight for you till the wheels fall off! My outcome was beyond what I had imagined and it is all thanks to them backing me up and doing what they do best! I cannot express into words how much I strongly recommend this law firm to anyone who is facing the issues I had! Like I said, absolutely amazinggggg at what they do!!!!!"- Marlin
Subsection V of Chapter 11
Recently, Congress passed Subsection V of Chapter 11, which created a more streamlined approach for certain debtors to undertake the Chapter 11 process. Small businesses debtors may be able to take advantage of this option.
Some benefits of Subsection V include:
- No required disclosure statement
- Typically no creditors' committee
- Only the debtor can file a repayment plan - not creditors or other parties
- Debtors can confirm qualifying plans without acceptance by creditors
Let Us Help You File for Chapter 11
Chapter 11 offers a variety of methods for a debtor to negotiate with creditors and restructure or eliminate obligations. As with all bankruptcies, it is imperative that you speak with an experienced bankruptcy practitioner about filing a Chapter 11 prior to moving forward.
The professionals at Bilu Law are here to guide you through this process to help you get the fresh start that you and your business deserve.
