Contact A Chapter 11 Bankruptcy Attorney In Media, PA

Known as a business bankruptcy, chapter 11 bankruptcy gives you temporary relief from creditors while you continue to run your business. During the time you are temporarily out from under your creditors, you reorganize your business, creating a plan to pay them back.

After you create that plan, both the majority of your creditors and the bankruptcy court have to approve it. Once that has happened, both you and your creditors are bound by that agreement.

Under a chapter 11 bankruptcy, you can:

• Repay a portion of your obligations and discharge the rest
• Terminate burdensome contracts and leases
• Recover assets
• Re-scale operations to return to profitability

If you think a chapter 11 bankruptcy may be your answer, talk to an experienced bankruptcy attorney, Attorney Robert H. Holber of Holber & Guilfoil. Your initial consultation is free.