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Chapter 11

Chapter 11 business bankruptcy is a legal process by which a business may declare bankruptcy but continue to operate under the bankruptcy code. It is often called "reorganization."

Chapter 11 bankruptcy is usually sought and granted in the case where the value of the business is greater than the sum of its assets. In many cases, a business may re-emerge from Chapter 11 and continue to operate normally. In other cases, the reorganized business can be sold after some period of time.

Chapter 11 is available to any type of business, including the following:

  • Sole proprietorships
  • Limited liability companies (LLCs)
  • Corporations
  • Partnerships

Attorney Schneider is capable of helping you chart the best course for the financial future of your business endeavors.

Contact The Law Offices of Scott R. Schneider today

For assistance from our Bankruptcy Lawyers and Bankruptcy Attorneys with New York bankruptcy, foreclosure or debt resolution of any kind, contact The Law Offices of Scott R. Schneider today .

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