Skip to main content
#
Philadelphia Bankruptcy Attorney
Need Help Fast
Or After Hours?

What type of debts?
*
*
*
*
*
*
* indicates a required field
Please fill this field.
Chapter 11


This Chapter under the Bankruptcy Code is primarily for the benefit of corporations and partnerships or individuals with large debts who do not qualify under Chapter 13 in Philadelphia. The advantage of Chapter 11 is to acquire the necessary time to reorganize your debt which could allow you to lower certain unsecured debt, repay secured debt, sell real estate, pay past due taxes and still operate your business.

In contrast with Chapter 13 there are no time limits pertaining to the length for a reorganization. Debtors plan of Reorganization could exceed five years, the maximum amount allowed under Chapter 13. 
Additionally, debtors retain many of the benefits under Chapter 11, including but not limited to: avoiding liens,eliminating or reducing certain debts, reject or renegotiate the terms of certain leases, and extend the terms of repayment with certain creditors.

Chapter 11 has many administrative requirements, including the filing of reports with the United States Trustee and the Court, throughout the bankruptcy proceedings.To obtain plan confirmation the creditors may vote to register their approval or disapproval for the particular plan proposed. To obtain a confirmed plan, much time must be expended, which likewise means that the debtor will be paying greater attorney's fees than he or she would in Chapter 7 or Chapter 13.
The law and procedure to file and pursue a confirmed plan under "Chapter 11" is complicated. To take advantage of the relief provided by the United States Congress, call the Law Offices of  Michael A. Latzes at 215-545-0200, to schedule a free consultation. We will help you decide if filing under Chapter 11 is the best alternative for you. Let our 30 years of experience work for you.

To better assist you, please take advantage of our online questionnaire. Once your information is received, we are committed to respond within 24 hours.
Chapter 11
Philadelphia Attorney Michael Latzes

       (215) 545-0200     

34 Years of Experience Matters.

Prices You Can Afford.

Best Philadelphia Lawyer

We are a debt relief agency.  We help people file for relief under the Bankruptcy Code.  The information on this website is for informational purposes only and not intended to be legal advice.  You should not act of rely upon this information without consulting an attorney to discuss your specific legal concerns.

Philadelphia Bankruptcy Attorney
Michael Latzes

1528 Walnut St Suite 700
Philadelphia, PA 19102
Tel: (215) 545-0200
Fax: (215) 545-0668

Email   Resources   Privacy Policy