Chapter 11 Bankruptcy

Milwaukee Bankruptcy Lawyers


If you are a Wisconsin small business owner who is facing more debt than you know what to do with, you may be afraid that you are going to lose your assets. Many small business owners are suffering as a result of the difficult economy and are in the same boat you are. Getting the help that you need rather than ignoring the problem is the key to making it better. One of your options is a small business bankruptcy.

Chapter 11 Bankruptcy Basics
A Chapter 11 reorganization bankruptcy is designed for Wisconsin small businesses throught the Milwaukee, Green Bay, Sheboygan and Wausau areas. It may also be utilized by individuals that have a large number of assets and debt. The small business bankruptcy lawyers at the Law Office of Richard A. Check, S.C., can help you determine if this is the right option for your particular situation. While bankruptcy is a complex issue, this type of bankruptcy basically allows a company to stay open or functional with a court-approved repayment plan set in place.

How Chapter 11 Works
As your Wisconsin business bankruptcy attorney can explain to you, when a Chapter 11 bankruptcy is put into place, the debtor maintains the control as well as the ownership of the business assets. The debtor and creditors must work with the court to structure a plan for repayment of the debt. At the same time, the debtor is responsible for keeping the business operating. The creditors must agree on requirements that the court requests, such as fairness between the creditors or a certain priority of one creditor above another. The plan is put to a vote and the creditors must approve it. If there are issues of disagreement, the court will include additional requirements or adjustments to the original plan until it is approved and finalized.

Professional Help can Make a Difference
Your small business bankruptcy lawyers become your best friends during a Chapter 11 proceeding because they can actually help you. Because the process can be difficult to understand, it is very worthwhile to have someone at your side who has taken the time to learn the bankruptcy laws and who has experience working through the proceedings. We can help you protect your assets while keeping your stress levels as low as possible. Our goal is to find the best solution for your unique circumstances. Because bankruptcies are our specialty and we deal with them day in and day out, we have the skills and experience necessary to determine the best course of action. We know which forms must be filed and how to fill them out, as well as when they need to be filed. Going it alone opens up the possibility for mistakes being made that could turn out to be very costly.

We Care
You will find that compassion and understanding are qualities that each business bankruptcy attorney at the Law Office of Richard A. Check is willing to share with you. We understand that financial problems can happen with any business, no matter how hard you try to stay on top of things. We are here to provide the support and advice you need so that you can begin to look to the future with optimism again. Contact us today to schedule an appointment to go over your situation.

Milwaukee Location

757 N. Broadway
Suite 401
Milwaukee, WI 53202
(414) 223-0000
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