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Chapter 11 Bankruptcy

Chapter 11

Chapter 11 Bankruptcy is a reorganization chapter most commonly used by businesses, but is also available to individuals. Creditors vote on whether to accept or reject a plan, which also must be approved by the court. The Debtor remains in control of the assets and will continue to run the business. The goal of Chapter 11 is to give the business relief from creditors to allow for a reorganization of the debtor’s company.

What are the costs of bankruptcy for consumers?

 

Fees

 

Chapter 11
Attorney fees are on an hourly basis. A retainer will be required, the amount of which is dependent on the complexity of the issues involved.

All bankruptcy cases are different, your attorney at Vidrine & Vidrine will discuss this with you during your no-charge consultation. Contact our office today at 337-233-5195.

We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code 

Please download our PDF with the information you will need to file for Bankruptcy.  Contact us today!

Disclaimer:
The information you obtain at this site is not, nor is it intended to be, legal advice. You should consult an attorney for advice regarding your individual situation. We invite you to contact us and welcome your calls, letters and electronic mail. Contacting us does not create an attorney-client relationship. Please do not send any confidential information to us until such time as an attorney-client relationship has been established. Call (337) 233-5195 today if you have any questions.