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Chapter 11 bankruptcy allows companies to restructure their debts in order to repay creditors without going out of business. However, filing for Chapter 11 bankruptcy is a time-consuming process. Plus, not all companies qualify for this type of business bankruptcy.

With these facts in mind, you should consult a bankruptcy lawyer before proceeding. Contact Bankruptcy Advocates in Carbondale, IL today to schedule a free consultation.

You don't want to proceed with the wrong type of bankruptcy. That's why it's crucial to research your options.

Chapter 11 debtors must typically...

  • Submit sensitive financial documents, such as schedules of assets and liabilities
  • Collaborate with creditors to develop a debt reorganization plan
  • Report financial matters to a designated U.S. trustee
To start working with a bankruptcy lawyer in Carbondale, IL, call 618-549-9800 now.