Chicago Chapter 11 Bankruptcy Lawyer

Providing Professional Financial Counsel And Assistance

Chapter 11 provides a way for sole proprietors, partnerships, corporations and other businesses to reorganize their debt. Individuals whose unsecured debt exceeds $350,000 can also file for Chapter 11. Because the reorganization process is complex, professional legal guidance is essential.

North & Sedgwick Law provides businesses throughout Illinois with knowledgeable and strategic legal counsel. The firm's mission is to guide clients toward financial stability while protecting their companies and careers. Your Chapter 11 bankruptcy attorney Paul Camarena is a certified public accountant (CPA) who has been practicing exclusively in federal court for the past 10 years.

Keeping The Business Running While Restructuring The Debt

Unlike many other types of bankruptcy, Chapter 11 allows a business owner to remain a debtor in possession. In essence, he or she retains control of the business's assets. In some cases, this means he or she is able to reject contracts, extend repayment deadlines, object to claims from creditors, avoid liens and more.

Chapter 11 provides valuable legal tools to allow business owners to keep their companies running while they resolve pressing financial issues such as:

  • Liquidating property with equity
  • Catching up on delinquent taxes
  • Addressing past-due vendor payments

Filing Chapter 11 bankruptcy is often particularly beneficial for owners of small businesses.

Contact An Illinois Business Bankruptcy Attorney For Chicago, Cicero And Berwyn

Request a free initial consultation with a lawyer by calling North & Sedgwick Law at 312-878-8429. Clients may also contact the firm via email.

El abogado habla español.

†The firm is a debt relief agency and helps people file for bankruptcy relief under the Bankruptcy Code.