Mobile Chapter 11 Bankruptcy Attorney

Chapter 11 bankruptcy is available to both individuals and businesses, but is most commonly used by businesses. Chapter 11 bankruptcy is similar to Chapter 13 bankruptcy in that a debtor is protected from lawsuits while it develops a plan to pay off its creditors. A business is allowed to continue operating while it reorganizes its financial affairs. A debtor may be allowed to terminate contracts or refinance loans to create a more manageable repayment plan.

Attorney Barry A. Friedman of Barry A. Friedman & Associates, P.C., in Mobile has helped many clients rebuild a strong financial foundation through Chapter 11 and all other forms of bankruptcy for more than three decades.

Reorganize Debt While Continuing To Operate Your Business

Chapter 11 bankruptcy provides a means to restructure different types of debt, including tax debt, secured debt, unsecured debt and leases. Your creditors will be asked to approve your repayment plan. We help our clients negotiate acceptable terms with individual creditors so the proposed repayment plan is accepted. If a creditor rejects a proposed plan, we can advocate on your behalf before in requesting the court to approve the plan anyway.

Some Chapter 11 plans call for closing the business and liquidating all assets. The proceeds will go to pay off creditors, and the debtor is protected against further legal action.

Although many bankruptcy lawyers give cases a "one-size-fits-all" treatment, we invest the time to fully understand the unique aspects of your situation in order to develop a legal strategy that produces the best possible outcome. You will work with Mr. Friedman from the initial consultation through the resolution of your case. Our commitment to providing personalized service reassures our clients that their best interests are always our priority.

It is important to act early in bankruptcy cases. Waiting too long to file can prevent you from protecting certain assets, including real estate or equipment. Call 251-272-7961 or use our online contact form to schedule an appointment. We represent clients in Greater Mobile and throughout southern Alabama.

We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.