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About Foster Law Group, P.C.Now accepting all Major Credit Cards
Get directions to our offices:
View Larger MapOffice Phone: 303-297-7729
Office Fax: 303-845-9924
2810 N. Speer Blvd
Denver, CO 80211
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Bankruptcy - Chapter 11
The only consistent aspect of a commercial bankruptcy is that each case is unique. There are several types of business organizations including partnerships, joint ventures, S-Corps, LLCs, corporations and non-profits and each has a set of unique issues with which I am familiar. Many commercial organizations that pursue bankruptcies are Chapter 11 reorganizations. A reorganization will give a company or business time to put a plan together to pay off creditors, and remerge as a successful entity. I have provided legal counsel for businesses with secured creditor disputes, liens on collateral and defaults in leases or franchise agreements.
We advise companies either small or large on the benefits they can expect to receive through such a filing.
Chapter 11 is used mostly by businesses. In chapter 11, you may continue to operate your business, but your creditors and the court must approve a plan to repay your debts. There is no trustee unless the judge decides that one is necessary; if a trustee is appointed, the trustee takes control of your business and property.
Financial Justification of Chapter 11 Bankruptcy:- Earning Projections
- Prior Credit History
- Liquidation Analysis
- Income and Expenditures
- Assets and Liabilities
Under the new Bankruptcy Act of 2005, credit counseling may be required or other options may be required, Contact a Chapter 11 Bankruptcy Lawyer to find out all your legal options