Chapter 11 Bankruptcy? Contact a Maryland Attorney
Chapter 11 bankruptcy may be an appropriate response from a small business or individual to the problem of overwhelming debt. Individuals can also file a Chapter 13 bankruptcy, but businesses cannot. This is why many people refer to Chapter 11 as "business bankruptcy" even though individuals sometimes file Chapter 11. Differences between a Chapter 11 and a Chapter 13 bankruptcy include difference in requirements for monthly reports, separate bank accounts and disclosure statements.
If you suspect that Chapter 11 reorganization bankruptcy will offer your business (or you, an individual) the best opportunity to move forward in the face of foreclosures and financial crisis, it is essential that you discuss your situation with an experienced bankruptcy lawyer. Joseph, Greenwald & Laake, P.A., offers the level of experience and qualifications needed to inspire confidence and trust in our clients.
Clients of Joseph, Greenwald & Laake, P.A., who file Chapter 11 bankruptcy are often (1) large or small businesses that need time to reorganize and restructure financial obligations including repaying debt and reorganizing financial affairs; (2) businesses that need to liquidate their assets before closing, and (3) individuals who would normally file for Chapter 13 but owe more than is allowed under the debt caps that are form part of the parameters of Chapter 13 bankruptcy.
In a “Washington Business Journal” article (about a housing developer client of his who had filed Chapter 11), Brett Weiss of Joseph, Greenwald & Laake, P.A., was quoted as saying that, “We all know that the current housing market is lousy. And this is making things hard for a lot of good folks.”
Call or e-mail Joseph, Greenwald & Laake, P.A. to schedule a discussion about Chapter 11 bankruptcy, foreclosures or any legal aspect of the financial challenges that you face in today's troubled markets.
