Louisiana Business Bankruptcy Attorneys
When the future of your business is at risk due to increasing business debts, it can be difficult to know what steps to take to find relief. Fortunately, if your business is struggling with debt, Chapter 11 bankruptcy may be a helpful option that will help you pay off your debts and continue with a viable, healthy business. Chapter 11 bankruptcy can also prevent the foreclosure of business real estate. Completing the bankruptcy process in an effective and timely manner is important and an experienced lawyer can help you achieve that goal.
At the law firm of Galloway Jefcoat, L.L.P., our experienced attorneys have helped many small and medium sized businesses file for Chapter 11 bankruptcies to get the relief that they need. We can help those in control of the business maintain that control while developing a plan for fulfilling debt obligations in a reasonable time. Since 1996, our firm has helped hundreds of clients in Louisiana resolve challenging legal issues. Our dedicated team of lawyers and staff remains committed to the success of our clients.
Learn more about Chapter 11 bankruptcy by calling 888-537-1490
In a Chapter 11 bankruptcy, a business that is in debt will immediately stop paying all unsecured debt and will create a plan for debt repayment and reorganization in the future. This plan will be voted on by creditors and will also have to be confirmed by the bankruptcy court. While the plan is being implemented, the business may continue to operate with minimal restrictions. The main goal of Chapter 11 bankruptcy is to leave a viable, healthy business after the plan has finished.
Chapter 11 bankruptcy may be an effective solution for your business, but it is a more complicated process than Chapter 7 and Chapter 13 bankruptcy. Meeting all the obligations of the bankruptcy court and conducting the bankruptcy in a proper fashion is important for the success of the bankruptcy plan. At Galloway Jefcoat, L.L.P., we will help you understand what the bankruptcy process entails and what is expected of your business.
Discuss your situation with an experienced attorney
If your business is facing difficult financial problems, bankruptcy may be the answer. Learn more about Chapter 11 bankruptcy by consulting with an attorney at Galloway Jefcoat, L.L.P. Contact us to speak with a lawyer at a free initial consultation. Call our office in Lafayette, Louisiana, at 337-205-7085 or toll free at 888-537-1490. Se habla español.
