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Chapter 11 Bankruptcy Attorneys in Idaho

Committed to Helping Your Struggling Business

Chapter 11 bankruptcies were previously only associated with large corporations that were struggling financially. However, now both large and small businesses can use this helpful tool to restructure their finances and remain open. At Avery Law in Idaho, our bankruptcy attorneys can guide you through the process of filing for a Chapter 11 bankruptcy, so you can resolve your business’s debts.

Reach out to our law firm today at (208) 285-2085 to set up a free initial consultation with one of our attorneys to get started and learn more about the services our team provides.

How a Chapter 11 Bankruptcy Works

If your business is experiencing some financial difficulties that would ultimately result in its inability to continue on, a Chapter 11 bankruptcy can get it back on track. Like any other bankruptcy chapter, when you file a Chapter 11, it will put an end to the collection process.

Below is a list of some of what will end as a result of the automatic stay:

  • Collections trials
  • Payment requests
  • Bank levies, property seizure, tip taps
  • Foreclosure or eviction
  • Other types of collection processes

In a Chapter 11 bankruptcy, you will also remain in control of your business. The bankruptcy trustee will not be in charge of your business.

What Does a Chapter 11 Bankruptcy Accomplish?

A Chapter 11 bankruptcy will allow you to create a repayment plan that allows you to pay off your debts. Through this plan, you can alter payment due dates, modify interest, and even discharge certain debts altogether. Most repayment plans allow debtors to downsize operations to free up assets and reduce expenses.

A Chapter 11 bankruptcy is not right for everyone, however, so if you are unsure if this is the appropriate step for achieving debt relief in your situation, reach out to our law firm for the advice you need.

Speak to a Knowledgeable Bankruptcy Attorney About the Details of Your Case Today!

If your business is financially struggling, a Chapter 11 bankruptcy may be the right remedy for you. At Avery Law in Idaho, our experienced bankruptcy team can advise you on the best course forward and guide you throughout the process. With more than 65 years of combined experience on our side, you can feel confident that our team will achieve the best results for your case.

Reach out to our law office today at (208) 285-2085 to set up a free initial consultation with a member of our team to get started and learn more about your options and how you can best move forward!

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