Reorganizations & Chapter 11

Reorganizations can be either within or outside the context of a bankruptcy case. Outside the context of a bankruptcy case a business or an individual may try to workout formal agreements with several of its creditors in what is considered to be a reorganization. Within the context of a bankruptcy case, a Chapter 11 reorganization case allows a business or an individual with significant debts and assets to protect itself from its creditors while it concentrates on reorganizing its affairs. A Chapter 11 reorganization case requires the debtor to offer a plan of reorganization, which extends, and in some instances, reduces many of the debtor's obligations. A Chapter 11 reorganization is an involved and potentially lengthy bankruptcy case and requires special knowledge and expertise. The Law Office of Ronald D. Weiss, P.C. has represented many businesses and individuals in Chapter 11 reorganization cases.

Please call us at (631) 271-3737, or e-mail us at weiss@ny-bankruptcy.com for a free consultation to discuss such legal options in greater detail.