Call Us Now! 251-432-8878
📍 160 St. Emanuel Street Mobile, AL 36602 251-432-8878
CHAPTER 11 BANKRUPTCY
The Experts In Debt Reorganization
Frances H. Hollinger
is a knowledgeable and professional bankruptcy attorney
who helps clients put an end to harassing phone calls from bill collectors. If you are a Mobile
resident looking to pay creditors over time, we can help you with every step of the process. Commonly referred to as debt reorganization, Chapter 11 bankruptcy can allow a corporation or an individual to pay back some of what they owe over time. It is often used by businesses that still have a reliable income, but that can’t keep up with their accumulated corporate debt.
Overview and Benefits of Filing Chapter 11
The first step is to speak to a Chapter 11 lawyer who can help you file a petition with the court. It is also generally necessary to include a debt reorganization plan and a disclosure statement listing all assets and liabilities. Once these documents have been approved, the court holds a hearing to determine whether or not to confirm the plan. Once approved, the rest of the bankruptcy process usually lasts between three to five years.
There are benefits to filing for Chapter 11 over other types of bankruptcies. Perhaps one of the biggest advantages is the ability to reorganize your finances, which allows you to get back on your feet once your bankruptcy is over. You can also restructure certain debts which can help with repayment of certain debts.
Contact a Reputable Attorney Today
At the law offices of Frances H. Hollinger, we enter into a partnership with our clients. We help Mobile residents reorganize their finances by filing for Chapter 11 bankruptcy.