The Goals of Chapter 11 Business Bankruptcy
Sometimes business does not go according to plan, and a business owner finds himself or herself in financial trouble. In this situation, Chapter 11 bankruptcy is a popular means of relieving the pressure of these financial troubles because it is designed to let businesses remain open even as they are going through the bankruptcy process.
Bankruptcy can seem challenging for business owners, especially those who want to remain in business during the bankruptcy process, but the bankruptcy attorneys at the Russell Van Beustring P.C., help you understand all your obligations and the process of filing for Chapter 11 bankruptcy, making it much easier for you. Give us a call today at 713-973-6650 to discuss your financial situation with us.
Primary Aims of Chapter 11 Business Bankruptcy
Going through business bankruptcy can be difficult, but the structure of Chapter 11 bankruptcy is meant to benefit businesses that are struggling to remain financially afloat. The aims of Chapter 11 business bankruptcy include:
- Allowing business owners to remain in business during bankruptcy
- Creative construction of new business plans for the future
- Ideally, eventually allowing business owners to continue business as usual, post-bankruptcy
With these goals in mind, a business owner can remain optimistic during the bankruptcy process, since eventual financial freedom is, after all, the ultimate goal of Chapter 11 business bankruptcy.
The bankruptcy attorneys at the Russell Van Beustring P.C., believe in the helping businesses get back on their financial feet. We are prepared to discuss your bankruptcy options and how Chapter 11 bankruptcy can benefit you. Learn more about this process and our services by contacting us at 713-973-6650 today.