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.