Chicago Chapter 11 Bankruptcy Lawyer
Sulaiman Law Group, LTD. Can Explain Your Options
Chapter 11 bankruptcy is a viable debt relief solution for corporations,
businesses, and high-net worth individuals who are struggling to stay
afloat. Essentially, this form of
bankruptcy affords businesses and individuals the opportunity to reorganize and restructure
their debt. However, Chapter 11 can be expensive and may not be the right
choice for everyone, which is why you should consult a Chicago bankruptcy
attorney about all of your debt relief options.
Our mission is to educate clients about all of the options available to
them, including the benefits and disadvantages of each debt relief solution.
It is important to be aware of the fact that while you will be able to
stay in business when filing for Chapter 11 bankruptcy, you will lose
major decision-making power to the bankruptcy court. We can assist you
in creating a “fair and equitable” repayment or reorganization
plan that will help you get your finances back in order.
Find out if Chapter 11 bankruptcy is the right choice for you by
contacting Sulaiman Law Group, LTD.
Chapter 11 Bankruptcy for Businesses
When a business files for Chapter 11, it may still run its day-to-day operations
while getting protection from creditors. A number of debts and contracts
may be canceled or reduced, including both secured and unsecured loans,
loan contracts, real estate leases, and supply and vendor contracts. However,
if you are a small business owner with little value beyond limited receivables,
it may make more sense to seek protection under
Chapter 7 bankruptcy.
Chapter 11 Bankruptcy for Individuals
While Chapter 11 filings are typically associated with business entities,
it can also be a helpful debt relief tool for certain individuals. An
individual Chapter 11 may be the right fit for a person with complex debt along with significant
assets or a high individual income. It is important to note that individual
Chapter 11 filings are treated similarly to business Chapter 11 filings.
Therefore, the more onerous requirements of this filing might not be best
Our Unique & Dedicated Approach to Bankruptcy
Our approach to bankruptcy is unique because we guide individuals and corporations
at various points of the bankruptcy process. Whether you are at the very
start, middle, or at the end, we can provide you with the well-versed
knowledge and counsel you need. And, our role as a guide doesn't end
when your bankruptcy is finalized.
Through our "Protect the Discharge" program, we can ensure that
your rights are not violated through post-debt discharge
creditor harassment. We will continue protecting your consumer rights and file lawsuits if
your rights are infringed upon under the Fair Debt Collection Practices
Act (FDCPA) or the Fair Credit Reporting Act (FCRA).
Contact Our Chicago Bankruptcy Lawyers: (312) 313-1613
Our Illinois debt solution firm, Sulaiman Law Group, LTD., is proud to
have a team comprised of some of the most dedicated and skilled bankruptcy
attorneys in Chicago. Our creative and innovative strategies have led
to the successful debt relief of countless individuals and corporations.
Our commitment to pursuing excellence has been praised by various legal
organizations and associations. In fact, we have an A+ Rating with the
Better Business Bureau.
Have questions about Chapter 11 bankruptcy? Contact us today to
arrange an initial consultation.