Filing Chapter 11 Bankruptcy? Contact a Chapter 11 Bankruptcy Lawyer, an Attorney Specializing in Chapter 11 Bankruptcy Today.

A case filed under chapter 11 of the United States Bankruptcy Code is often referred to as a "reorganization" bankruptcy. Even though individuals are not legally precluded from seeking debt relief under chapter 11, it is predominantly used to allow a business (usually a corporation, a sole proprietorship, or a partnership) to reorganize its financial affairs.

If you are financially distressed, a chapter 11 reorganization bankruptcy may be your best option. If you are a DIY person, the official Chapter 11 Bankruptcy Forms may be purchased at a legal stationery store in your area, or downloaded from the US Courts website.

The chapter 11 bankruptcy case of a corporation (corporation as debtor) does not put the stockholders' personal assets at risk. Conversely, a sole proprietorship (owner being the debtor), generally involves not only the business' assets, but also the personal assets of the owners -i.e. the debtors.

If the debts (including all aggregate noncontingent, liquidated, secured, and unsecured debts) owed by your small business happens to be under $2,000,000, you may be entitled to fast track processing of your chapter 11 petition. Depending upon whether or not you are classified as a Small Business Debtor, or a Single Asset Real Estate Debtor, you may have up to 100 to 120 days for submit your plan. However, it is not uncommon for a chapter 11 case to continue for many years unless the court, the United States trustee, the committee, or another party in interest acts to curb excessive delays in the case.

Unless you know the procedures and the laws relevant to your chapter 11 petition, you should have a competent bankruptcy lawyer guide you on matters such as Who can file a Plan, Avoidable transfers, Cash collateral, Adequate protection, and Operating capital, Appointment or Election of a Case Trustee, The appointment of an Examiner in a chapter 11 case (even though rare), Appointment of the United States Trustee or a Bankruptcy Administrator, Motions, Claims, Adversary proceedings , Working with equity security holders, Whether or not you ought to exercise your one-time absolute right to convert the chapter 11 case to a case under chapter 7, The Disclosure statement, Acceptance of the Plan Of Reorganization , The Discharge, Postconfirmation Administration, and The Final Decree.

We are working on further augmenting this document with links to bankruptcy defense lawyers, bankruptcy law related legal professionals, and bankruptcy law firms. You are, of course, welcome to suggest we add an URL link to your favorite bankruptcy lawyer's website! Please Email us if you would like to suggest a helpful resource link for this page.

Consider consulting with a debt management consultant or a financial planner if you have personal assets that you need to protect. We also suggest visiting personal money management resource center for information on money matters such as achieving your financial security goals through careful money management, debt consolidation loans, reverse mortgage loans, understanding and improving your FICO credit scores, managing money, and for many other personal money management articles.