Stay in Business
Chapter 11 Protection from Creditors
If your business is still profitable but threatened by large debts, the Law Offices of Robert S. Lewis can explore Chapter 11 bankruptcy as an opportunity to keep the doors open and get back in the black.
Free Initial Consultation • 845-358-7100 • Nyack, New York Bankruptcy Lawyer
Robert Lewis is an experienced bankruptcy law attorney who has helped hundreds of clients get a reprieve from creditor harassment through Chapter 11 reorganization. He serves small businesses and individuals in Rockland County, New York and the Lower Hudson Valley, practicing in bankruptcy courts at White Plains and Poughkeepsie.
Chapter 11 Bankruptcy
In Chapter 11 bankruptcy, creditor actions (liens, foreclosure, collection agencies) are halted while you devise a court-approved plan for repayment. Your business stays open while you repay creditors over time. Candidates for debt protection through Chapter 11 are:
- Viable businesses whose creditors are amenable to the petition
- Individuals who pass the Chapter 7 bankruptcy means test for income but whose high debts exceed the maximum discharge
“Pre-Packs” — Bringing Creditors on Board
Robert Lewis can quickly determine if you or your business would qualify for Chapter 11. The critical element is friendly creditors who are vested in your continued operation — landlords and other creditors can challenge your bankruptcy petition if they doubt your ability to pay your debts later.
Mr. Lewis examines your financials to verify that you could emerge from Chapter 11 in good shape. He frequently negotiates with your creditors before you file bankruptcy to work out what portion of the debt will be repaid and when. These pre-packaged Chapter 11 petitions are almost always approved by the Bankruptcy Court, as they serve the interests of debtors, creditors and the economy.
Find out if Chapter 11 bankruptcy is viable for your situation. Contact our Nyack law office to arrange a free initial consultation.
We are a debt relief agency. We help people file for relief under the Bankruptcy Code.
