Chapter 11 for Small Business Owners

Much of consumer bankruptcy practice is focused on Chapter 7 and Chapter 13, as they are the most common forms of bankruptcy utilized by individual debtors. However, there is a significant group of debtors who are pushed into bankruptcy as a result of investments in their small business. This particular type of debtor may be able to save their business and personal finances by filing for a Chapter 11 reorganization for their business as opposed to individually.

Circumstances that lead an individual to file for bankruptcy are rarely cut and dried. Similarly, there are different forms of bankruptcy protection available.  An experienced Fears | Nachawati Law Firm attorney can walk you through your options and help you choose the one best suited for your needs.