Can Your Small Business Benefit from Chapter 11 Bankruptcy?

File for Chapter 11 bankruptcy in Seattle, Washington

Chapter 11 bankruptcy is a rarely used form of bankruptcy, but it could be the right solution for your business debt. The Law Offices of Vortman and Feinstein can assist business owners with their outstanding debts through Chapter 11 bankruptcy. With this form of bankruptcy, your business can remain operational. Get in touch with a qualified Chapter 11 bankruptcy lawyer in Seattle, Washington to discuss your options.

3 things you should know about Chapter 11 bankruptcy

Chapter 11 bankruptcy is considered a "reorganization" form of bankruptcy for corporations, partnerships and, in rare cases, individuals. Your business can remain open while you address your business debts. Here are a few facts about Chapter 11 bankruptcy:

  1. Some Chapter 11 bankruptcy cases close in a few months, while others take up to two years.
  2. You have four months to come up with a reorganization plan after filing for Chapter 11 bankruptcy.
  3. Filing for Chapter 11 is uncommon, but it could work for your business's situation.

If you need time to reorganize and restructure your business finances, call the Law Offices of Vortman and Feinstein in Seattle. We'll see if Chapter 11 is a good option for you.