Chapter 11 Bankruptcy
Business Debt Relief Is A Phone Call Away
If your New York business in trouble, an experienced Chapter 11 bankruptcy lawyer at Penachio Malara, LLP can help you navigate the debt reorganization process and enjoy the protections offered under Chapter 11. We’ll undertake the challenge of your case and use it as an opportunity to promote your best interests.
What Is Chapter 11 Bankruptcy?
For a business in financial distress, Chapter 11 bankruptcy, also known as a business reorganization bankruptcy, offers a win-win solution for both you and your creditors. Creditors recover a larger percentage of debt than would be possible with liquidation, while you are able to repay a more manageable portion of debt and remain open for business.
In order for your Chapter 11 bankruptcy filing to be successful, you must first gain the consent of creditors to a debt repayment plan. This plan must clearly show how creditors will gain more from the plan than they would from liquidation. A professional Chapter 11 attorney has the necessary expertise to develop an attractive restructuring plan and negotiate skillfully with creditors.
There are a number of ways a Chapter 11 bankruptcy can be structured. An experienced bankruptcy lawyer at Penachio Malara, LLP can help you to develop a workable restructuring plan, retain control of your assets, and represent you with creditors and the courts.
How Do I Know if Chapter 11 Bankruptcy is Right for Me?
Chapter 11 makes it possible to stay in business, save the company you have worked so hard to build, and settle your debts. We work closely with financial professionals to formulate a restructuring plan that will be attractive to creditors and help you avoid liquidation.
Because a Chapter 11 bankruptcy can be very complex, it”s essential to have a seasoned Chapter 11 bankruptcy lawyer representing your interests. Contact Penachio Malara, LLP for a free initial consultation to discuss your situation. With nearly 25 years of experience serving clients in the Westchester, Putnam, Rockland and Dutchess Counties of New York, you can count on reliable legal counsel and a strong commitment to a positive outcome.
Local Areas We Serve
Westchester County New York, White Plains, Yonkers, Bronx, Scarsdale, Rye, Mamaroneck, New Rochelle, Mt Vernon, Bronxville, Hartsdale, Dobbs Ferry, Irvington, Elmsford, Tarrytown, Hawthorne, Mt Kisco, Bedford, Pound Ridge, New York, NY