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CHAPTER 11 BANKRUPTCY ATTORNEYS IN SOUTHFIELD

Goldstein Bershad and Fried, PC Can Assist Your Business

It is challenging for any business to survive the marketplace and the brutal reality is that many business owners are driven into debt often due to circumstances outside their control. While these business owners may consider filing for chapter 11 the end of their company, the truth is that this type of filing can help keep a business' doors open while it regains its financial footing.

At Goldstein Bershad and Fried, PC, we have helped countless Michigan business owners salvage their finances and correct the trajectory of their company. With more than 100 years of combined legal experience, we know how to navigate Chapter 11 filings and how to ensure that our clients benefit as much as possible from the available protections.

There still may be a way forward for your business. Contact us at Goldstein Bershad and Fried, PC today to schedule an appointment.

UNDERSTANDING THE PROCESS OF CHAPTER 11 BANKRUPTCY

If you feel that filing for bankruptcy is the right choice for your business, the first step is to meet with a bankruptcy firm. We can sit down with you and discuss your financial situation and decide whether or not this is the best solution for you and your company.

If we decide to move forward, we can assist you with the paperwork and ensure the filing goes smoothly. Chapter 11 involves restructuring debt and proposing a plan to creditors that describes repayment of a percentage of the original amount.

In a Chapter 11 Bankruptcy:

  • An Unsecured Creditors' Committee may be formed to help form the plan
  • The debtor proposes a repayment plan to creditors
  • The plan can include a six-year payout schedule for taxes
  • The creditors vote on whether the plan satisfies an acceptable amount

In Chapter 11 cases, some parties may have priority for repayment over others. For instance, secured creditors and landlords often must be paid before other parties. Our firm can help you manage this hierarchy of payments and ensure that your Chapter 11 plan satisfies the right creditors at the right time.

NEGOTIATING DEBT RELIEF IN SOUTHFIELD

If your business is in a dire situation and you want to keep it open and operating, our Southfield Chapter 11 bankruptcy lawyers are here to help. You can rely on us to provide you with caring and dedicated representation every step of the process. In the end, we are looking to provide you and your business the stability it needs to forge ahead in the marketplace with confidence.

We are ready to hear your story today. Call our offices at (248) 213-7888 now.

Why Work With Goldstein Bershad and Fried, PC?

We Have a Trusted & Proven Track Record of Success
  • 1 On 1 Attention

    You will be in direct and continuous communication with the attorney working your case.

  • 100+ Years of Experience

    We have a reputation of excellence and are an AV-rated law firm through Martindale-Hubbell.

  • Full-Service Practice

    We also provide individuals and businesses with other non-bankruptcy alternatives and financial solutions.

  • Creative Solutions

    We represent debtors and creditors, capable of viewing debt issues from every angle.

Business Debt? Personal Debt? Let Us Help. Get Trusted Advice From Our Debt Relief Attorneys Now. Get Started