Chapter 11 Hamilton County

Hamilton County Business Bankrptcy Lawyers

If your business is struggling in this tough economy, you’re in good company. In recent years, countless Hamilton County businesses of all sizes have found it difficult to stay profitable. If you own a struggling business in Carmel, Cicero, Noblesville, Westfield, or elsewhere in Hamilton County, Indiana, Chapter 11 bankruptcy may offer you a chance to continue normal business operations while you make plans to reorganize.

The Chapter 11 bankruptcy attorneys at Saeed & Little LLP, represent small businesses, limited liability companies, and corporations throughout the greater Indianapolis area during Chapter 11 bankruptcy filings, and can help your business find relief from its debts.

Normal Business Operations Under Chapter 11 Bankruptcy

Part of the Chapter 11 bankruptcy code stipulates that a business in bankruptcy can continue normal operations while in bankruptcy. In Chapter 11 bankruptcy, your business will require approval from the Indiana bankruptcy courts before buying or selling real estate, signing lease contracts, expanding operations, liquidating assets, and other major business activities, but can otherwise operate as usual. For this reason, Chapter 11 bankruptcy can give you a valuable opportunity to devise a reorganization plan with a business bankruptcy attorney while continuing business as usual. Your bankruptcy lawyer will ensure that your business operations stay in compliance with the Chapter 11 bankruptcy code.

Creating a Chapter 11 Reorganization Plan

When your business files for Chapter 11 bankruptcy in the state of Indiana, you’ll be given a minimum of four months during which your business has exclusive rights to the business reorganization plan. During this time, you’ll work with your bankruptcy attorney to devise a plan that meets your creditors, and the courts, will find favorable. Creditors want to make sure that in Chapter 11 bankruptcy they will be receiving at least as much as they would if you were to liquidate your business and its assets, and use the proceeds to pay your debts. As you work out a business reorganization plan with your Chapter 11 bankruptcy lawyer, the Indiana bankruptcy courts, and your creditors, you will be able to commence regular operations as a debtor in possession (DIP) of your business.

Serving businesses of all sizes in Carmel, Noblesville, Cicero, Westfield, and throughout Central Indiana, the Hamilton County business bankruptcy lawyers of Saeed & Little LLP, can help your business determine whether Chapter 11 bankruptcy is your best course of action.

Contact us Today

If your small business, LLC, or corporation has fallen on hard times, Chapter 11 bankruptcy may be the solution to your financial difficulties. To speak to one of our experienced Chapter 11 bankruptcy attorneys, contact the office of Saeed & Little LLP, in Indianapolis, IN at 317-685-2426 or toll free at 317-685-2426.