Anaheim Chapter 11 Bankruptcy Attorney

Filing for bankruptcy is a legal process to declaring the inability to pay back debts to creditors. There are six different types of bankruptcy recognized in the US bankruptcy code. Certain types or “chapters” of bankruptcy may allow an individual to keep some of their assets while making payments on a scheduled plan, while other forms of bankruptcy involve the handing over of all assets.

Businesses may file for Chapter 11 bankruptcy, which is the same as a Chapter 7 bankruptcy, with an added bonus. In this form of bankruptcy, the business may be appointed as the official business trustee and remain in control of its affairs under the oversight and jurisdiction of the bankruptcy court. This is an obvious advantage to business owners that may want to pay back debtors without selling all of their assets. It is not guaranteed that the court will permit a business in debt to make all of the decisions it so desires, but the power to have a larger hand in the direction of the bankruptcy process is an advantage.

The Anaheim bankruptcy attorney is a well-prepared and knowledgeable bankruptcy attorney that can assist any family, business, or individual client get their finances in order and their lives back on track. A good attorney is your best bet at getting your debts forgiven, consolidating your debt, and repairing your credit.

No matter what type of bankruptcy you may file for, you need an experienced attorney that you can trust to help navigate you through the complicated finance laws that govern our country. The Anaheim bankruptcy attorney has been working in all matters of bankruptcy law in the Anaheim area for many years. Contact our firm today to discuss your case.