Filing for Chapter 11 Bankruptcy in West Memphis
Arkansas Business Bankruptcy Attorney
If you are a business owner be confronting a dire financial predicament,
you are not alone. Given our current volatile economy, many businesses,
both large and small, are wondering if they can keep their company afloat.
A default from one of your customers, an unexpected decline in revenue,
or overly optimistic expansion projects can leave you wading in a sea
of debt that threatens the livelihood of your business.
Thankfully, Chapter 11 bankruptcy provides the means to
satisfy your creditors and keep your business in operation. Also known as a rehabilitation bankruptcy,
Chapter 11 allows you to reorganize your debt to a manageable level. It
can provide the much need financial breathing room you need to get your
business out of the red and into the black.
At DeLoache Law Office, we have
assisted thousands of individuals and businesses alleviate their financial burdens and successfully emerge from their mountains
of debt. With nearly 25 years of experience, our dedicated
West Memphis bankruptcy attorneys can deliver the insightful guidance your company needs to regain its financial
Restructure your business with the help of our West Memphis bankruptcy lawyers.
Chapter 11 provides you many options to
restore your business back to profitability. Once your petition is filed, your creditors are immediately put on notice
to halt any and all collection activities. Then, with the help of a skilled
lawyer, you can construct a debt reorganization plan to present to the
bankruptcy court. A trustee supervises the enacting of the approved plan
until all provisions are satisfied.
Under a reorganization bankruptcy, you may be able to:
- Restructure the terms of your unsecured debt
- Renegotiate or cancel leases and contracts that are no longer beneficial
to your business
- Cram down loan payments on company vehicles and equipment
- Reorganize outstanding tax obligations
From negotiating with your creditors, obtaining confirmation of your proposed
plan, to the distribution of your liquidated assets, DeLoache Law Office
offers the supportive and diligent representation required to obtain the
debt relief your business needs. Our experienced West Memphis bankruptcy
lawyers can deliver the strategic counsel and assertive advocacy your
company can rely upon throughout every stage of your process.
Call (870) 890-2749 today to obtain the dedicated counsel your business deserves!
As business owners ourselves, we understand your company is much more than
a financial venture, it's your life. At DeLoache Law Office, we have
devoted our practice exclusively to matters of bankruptcy. You can rest
assured your company's future is placed in the hands of highly experienced
counsel fully abreast of all current laws and regulations.
Declaring Chapter 11 bankruptcy is a complex process, full of pitfalls
for those who may not have in-depth knowledge of the intricacies and nuances
involved. Our dedicated West Memphis business bankruptcy attorneys can
deliver the astute advocacy your business needs to safeguard its operations
and rebuild its financial strength.
Contact our firm today
to request a confidential case evaluation.