Chapter 11 Business Bankruptcy

Get Your Business the Help and Guidance it Needs

Businesses throughout Metro Detroit and Michigan turn to our trusted bankruptcy lawyers for the guidance they need when it comes to restructuring or winding down their business operations. They know our attorneys have the seasoned legal judgment they need when considering their options under Chapter 11 bankruptcy.

Leverage More Than 130 Years of Business Bankruptcy Experience

Our business bankruptcy team at the law firm of Gold Lange, Majoros, & Smalarz, P.C., has more than 130 years of experience. That experience provides us with the seasoned legal judgment businesses rely on with confidence during some of their most tumultuous times.

Our experience enables us to advise you and your business wisely with respect to creditors committees, serving as a debtor in possession and other aspects of Chapter 11 bankruptcy that require delicate expertise. We can also assist you in operating the business for the benefit of creditors.

We take pride in our ability to provide today’s business owners with the kind of individual attention they deserve in the bankruptcy process. We take the time necessary to listen to you and to provide you with legal guidance that is uniquely tailored to your business’ circumstances.

You will also rest easier knowing you are relying on a team that delivers comprehensive bankruptcy representation. Our clients include not just debtors, but also creditors and trustees. We incorporate insights we have gained from over a century of combined knowledge into every legal opinion we provide to you.

When Does Chapter 11 Bankruptcy Make Sense?

Every business owner gets a gut feeling from time to time that things aren’t just right.  This can stem from slow sales, slow collection of receivables, quiet phone lines, or a diminishing staff.

These are telltale signs of an unhealthy business and one that may be teetering on the brink of bankruptcy.

Explore some of the signs that a bankruptcy is eminent and the types of debts that can be restructured in chapter 11 bankruptcy.

Signs a Business Bankruptcy is Eminent

• Important bills are past due such as rent, utilities, office supplies, etc.
• The business has past due taxes and/or is delinquent on filing its quarterly taxes
• Payment to vendors are past due
• Past due notices have turned into legal communication with deadlines
• The business has been served with one or more lawsuits stemming from a lack of payment
• Loan repayments are past due

Types of Debts That Can Be Restructured in Chapter 11 Bankruptcy

• Loans backed by collateral
• Credit card balances
• Vendor invoices
• Tax obligations

Chapter 11 bankruptcies involve many more assets and parties than chapter 7 bankruptcy.  As such, the level of experience in being able to negotiate debt restructuring and repayment becomes a crucial factor in the survival of a business.  This is the type of service that is best left to seasoned legal experts who have deep experience in these types of matters.

We Create the Results That Matter

“I recently was referred to this firm and am beyond pleased with the outcome. I was in an extremely tough spot and beyond stressed as filing bankruptcy can do that to you… They were extremely helpful with me, walking me through every step of the process and in a way that made my horrible experience much easier to deal with. They explained everything that was happening in terms I would understand so I wasn’t left in the dark just signing and agreeing to things I didn’t understand. I gave this company 5 stars because honestly that is the type of treatment I received from the moment I contacted them. They definitely know how to treat a client well and prices were affordable. I recommend this firm to anyone in need of the same services I received. You’ll be glad you called!”

Work with the Top Southfield Chapter 11 Bankruptcy Lawyers

You can schedule your initial consultation with us by calling (248) 462-7698. You can also contact us online if you prefer.