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For Whom Is Chapter 11 Bankruptcy Designed?

Chapter 11 bankruptcy is usually for businesses and, in some cases, high income individuals (think NFL players or real estate investors who own the property personally). In order to get a chapter 11 plan confirmed, the business or individual will usually need to have sufficient cash flow to provide its creditors with a better payout than they would receive in a chapter 7 case.

Because chapter 11 is so complex, it is recommended that you contact the Minnesota bankruptcy attorneys at Weber Law Group, P.A. to help you determine if filing chapter 11 bankruptcy is right for you or your business. Please contact us or use our online scheduler to setup a free consultation, or submit your information for review and we will contact you.

To get started filing chapter 11 bankruptcy, click the 'Next Article' button below.

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