Chapter 11 Bankruptcy

Business Debt Analysis

We begin with a comprehensive evaluation of your business's financial position. This service includes an in-depth look at debts, assets, and cash flow to understand your financial status.

Development of Reorganization Plan

A key aspect of Chapter 11 is formulating a reorganization plan. Our team works closely with you to create a strategy to restructure debts, potentially reduce obligations, and improve business operations.

Negotiation with Creditors

Troutman Law Firm P.C. actively engages in negotiations with creditors. Our goal is to reach agreements that benefit your business, helping to ease the burden of debts and improve cash flow.

Representation in Bankruptcy Court

We represent your business in all required court proceedings. Our expertise ensures that your interests are well presented and defended throughout bankruptcy.

Business Strategy After Legal Proceedings

Beyond the legal proceedings, we assist in developing a long-term strategy for your business. It includes financial management and operational adjustments to ensure sustainable growth and profitability post-bankruptcy.

Substantial Debt Burden

If your business has accumulated a significant amount of debt that it cannot pay due to cash flow issues, Chapter 11 can provide a way to restructure these debts.

Need to Continue Operations

Chapter 11 is unique because it allows a business to continue operations while undergoing bankruptcy. It is crucial for companies that want to preserve their operations, brand, and workforce.

Desire to Retain Control

Unlike other bankruptcy proceedings where a trustee is appointed to oversee the process, Chapter 11 allows business owners to maintain control over their operations and assets as a "debtor in possession."

Restructuring for Long-Term Viability

If a business needs to fundamentally restructure its operations, debts, and business model to become viable in the long term, Chapter 11 offers the framework.

Avoiding Asset Liquidation

Businesses that want to avoid the complete liquidation of their assets, as is often the case in Chapter 7 Bankruptcy, might opt for Chapter 11 to preserve their assets and find a way to become profitable again.

Complex Financial Situations

Larger businesses or those with complex debt structures often find Chapter 11 Bankruptcy more suitable due to its flexibility and capacity to handle intricate financial arrangements.