Chapter 11 Liquidation Plans
Chapter 11 Liquidation Plans in Indianapolis
Solving Complex Business Bankruptcy Cases
Not all businesses and individuals are able to successfully complete Chapter 11 bankruptcy. When a reorganization plan is not approved by the creditors or the debtor is unable to repay its obligations, a liquidating plan may be the alternative. Some debtors will convert to a Chapter 7 liquidation bankruptcy while others may end up with a Chapter 11 liquidating plan.
Redman Ludwig, P.C., has the business bankruptcy experience to represent your company in complex Chapter 11 filings. If a liquidating plan may be in your company's future, you may wish to discuss your options with one of our knowledgeable Chapter 11 lawyers.
Liquidation Plans in Chapter 11
Under a Chapter 11 liquidation plan, the remaining assets of the business are gathered and liquidated. The proceeds from the liquidation are placed in a trust. The business owner may choose to retain control of the plan, but it is advisable to work with an attorney during this time.
Our attorneys can assist you with all aspects of the liquidating plan, including the administration and distribution of assets to creditors. Depending on the specifics of your business assets and the liquidating plan, this may include assembling, valuing and liquidating assets, and then paying the debts and/or obligations according to the plan.
Indianapolis Business Bankruptcy Law Firm
For a free telephone consultation, please call 317-800-6181 or toll free at 866-660-6928, or contact us online.
We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.