{"id":28,"date":"2018-06-20T03:44:34","date_gmt":"2018-06-20T07:44:34","guid":{"rendered":"http:\/\/iveymcclellan.wpengine.com\/?page_id=28"},"modified":"2024-04-05T15:55:23","modified_gmt":"2024-04-05T19:55:23","slug":"chapter-11-bankruptcy-attorney","status":"publish","type":"page","link":"https:\/\/www.iveymcclellan.com\/bankruptcy-attorney\/chapter-11-bankruptcy-attorney\/","title":{"rendered":"Chapter 11 Bankruptcy"},"content":{"rendered":"\n

\n\t\tGreensboro, NC Chapter 11 Bankruptcy Attorneys\n\t<\/h1>\n\t\t\t\t\"North\n

\n\t\tWhat is Chapter 11 Bankruptcy\n\t<\/h2>\n\t

Filing for bankruptcy<\/a> can be overwhelming and complex. It is important to understand what Chapter 11 bankruptcy <\/a>is and what it is not. In simple terms, declaring Chapter 11 bankruptcy allows you to file for bankruptcy and then create a plan to pay off your debts on a reasonable timetable. It does not wipe out all of your debt such as credit cards and personal loans.<\/p>\n\t

For example, if you are a business owner who has vendors harassing you on a daily basis for payments, declaring Chapter 11 bankruptcy allows you to stay in business while suspending the constant contact from collectors. However, you will have to pay your creditors<\/a> back the balance owed based on a mutually agreed upon repayment schedule.<\/p>\n\t\t

Contact an Experienced North Carolina Chapter 11 Bankruptcy Attorney<\/h2>\n\t\t\t\n\t\t\t\t\t\t\tContact Us\n\t\t\t\t\t<\/a>\n\t

Will Chapter 11 Bankruptcy Work For Me?<\/h2>\n

Most commonly, declaring Chapter 11 bankruptcy<\/a> is done by businesses who can no longer afford to pay their creditors on a regular basis. A business can voluntarily declare bankruptcy with the goal of creating a plan to stay in operation while repaying their debts over time. However, a business can involuntarily enter bankruptcy if its creditors decide to take action on the outstanding debts that are owed. If you are a business owner who has a significant amount of outstanding debt, you need to be prepared for this type of scenario.<\/p>\n

Chapter 11 bankruptcy protection can also be utilized by individuals and couples who have amassed a considerable amount of debt that they can no longer afford to pay off. As an individual or couple, this is not a process you want to enter into alone<\/a>. Since you are already in a compromised financial state, it is key to find a reasonable bankruptcy attorney who knows the ins and outs of the system. The Firm of Ivey McClellan can provide the bankruptcy help you need to fight for a settlement that will stop creditor harassment while creating a plan to become debt-free in the coming years.<\/p>\n\t

Experienced and Affordable Chapter 11 Bankruptcy Attorneys In Greensboro, NC<\/h2>\n

In today’s world, it is not difficult to find a bankruptcy attorney. A simple search engine query will turn up dozens of results. Finding an honest bankruptcy attorney<\/a> who has years of negotiating and settlement experience and considers your best interest as the number one priority is a lot tougher.\u00a0\u00a0<\/p>\n

You can trust us when we tell you that you do not want just any lawyer when it comes to declaring chapter 11 bankruptcy. You need an experienced bankruptcy attorney who understands the bankruptcy laws of your state<\/a> and will get you the best deal possible when it comes to creating a payment plan.<\/p>\n

It is important to find a bankruptcy lawyer that understands your situation and will work on your behalf. When a business or individual is declaring bankruptcy, they may be in a state of desperation. Some bankruptcy attorney firms might see this as an opportunity to overcharge a client. You may get the immediate help you need… but you will end up in even more debt due to the exorbitant legal fees.<\/p>\nWhen it comes to representing yourself in a\u00a0 bankruptcy court, you risk leaving yourself open to several detrimental outcomes such as:
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