Hitchcock Chapter 11 Bankruptcy Lawyers

There are few things in life that can be as rewarding as owning and operating your own small business or taking over a family business. But when business slows down and times are tough, there are few things that can be as stressful. We’ve all heard the stories about “mom and pop” operations that have been driven out of business by larger nationwide and international corporations, but that does not have to happen to your dream.

If your company’s debt load has become unmanageable and you are struggling to keep up with your financial obligations, filing for Chapter 11 bankruptcy protection might provide the temporary respite you need to prevent your small business from shuttering. A successful filing enables you to restructure your repayment agreements without closing your doors, and that might make all the difference. Contact the Hitchcock Chapter 11 bankruptcy lawyers of Gipson & Norman at 1-800-291-0898 for a free initial consultation.

A Fair Shake

The goal of bankruptcy protection is to alleviate financial strain on behalf of a debtor and its creditors. Debtors gain some relief from collection efforts and creditors increase the likelihood that they will regain some of the monies they are due. A Bankruptcy Judge will monitor your business’s progress throughout the bankruptcy and will ultimately determine whether operations must cease or resume normally. The potential outcomes are:

Upon success: Your company will “emerge” from Chapter 11 and the restrictions attached to it, allowing business to continue unencumbered.

If restructuring has not helped: A Bankruptcy Judge will compel a Chapter 7 filing, liquidating your company’s assets and halting its operations.

Contact Us

Trying to keep up with a seemingly endless barrage of debts introduces needless additional stress to your life. To take back control of your financial situation before it drags you to ruin, contact the Hitchcock Chapter 11 bankruptcy lawyers of Gipson & Norman at 1-800-291-0898.