If you’re running a business and are finding yourself overrun with debts, you’re worried that things are headed in the wrong direction and that, ultimately, your business may be a financial failure. That’s a sign it may be time to evaluate your business finances and think about restructuring. A Chapter 11 bankruptcy may help you do just that and can end up saving your business. The legal professionals at the Will Green Law Office of Milwaukee, Wisconsin have over 25 years of experience helping clients in financial distress and can give you the legal advice you need to get your business back on track.
Who Can File Chapter 11 Bankruptcy?
Chapter 11 bankruptcies are used to keep businesses financially solvent and are filed by corporations, business partnerships, and limited liability companies. Single individuals may also file Chapter 11 bankruptcy if they have too much income or debt to qualify for Chapter 7 or Chapter 13 bankruptcy. In a Chapter 11 bankruptcy, the business continues to run as usual, but bankruptcy court has control over its major business decisions. In cases of fraud or gross mismanagement, a trustee may be appointed to oversee operations. The business debtors may also propose a reorganization plan for restructuring the business’ financial affairs. The legal staff at the Will Green Law Office can assist you with the Chapter 11 bankruptcy process and with dealing with all business creditors.
Call to Schedule a Free Legal Consultation with a Wisconsin Bankruptcy Attorney Today
If your business is in financial trouble, call to schedule a free legal consultation with a Wisconsin bankruptcy attorney. Attorney Will Green will use his knowledge and experience to evaluate your case and give you the legal advice you need. The Will Green Law Office serves Milwaukee, Wisconsin, but we also serve the communities of Wauwatosa, West Allis, Greenfield, Brookfield, Glendale, and other surrounding areas. Call us at (414) 367-1777