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Marion County - Chapter 11

Chapter 11 Marion County

MARION COUNTY, INDIANA BUSINESS BANKRUPTCY ATTORNEYS

Businesses of all sizes throughout Marion County have struggled in recent years. When economic times are tough, many businesses find it difficult to meet their financial obligations and stay profitable. If your Marion County business is having a hard time staying afloat, Chapter 11 bankruptcy may give you an opportunity to keep your doors open while reorganizing your business.

Serving Indianapolis, Pike Township, Washington Township, Perry Township, Warren, Wayne, and other communities throughout Marion County, IN, the business bankruptcy lawyers at Saeed & Little LLP, can help you determine whether Chapter 11 bankruptcy is the right choice for your business, and offer experienced legal counsel throughout the bankruptcy proceedings.

Staying in business while in bankruptcy

When your business declares Chapter 11 bankruptcy in the State of Indiana, you can retain control of the business as a debtor in possession (DIP). While in bankruptcy, your can continue all normal business operations. Any major actions, such as buying or selling real estate, liquidating assets, expanding operations, signing a lease agreement, or shutting down will require approval from the Indiana bankruptcy courts. When you are made debtor in possession, you will be give four months of exclusive rights to the reorganization plan.

The Chapter 11 reorganization plan

Your Chapter 11 bankruptcy attorney will work with you to develop a reorganization plan that will please your creditors and the bankruptcy courts. This plan will often include downsizing, and in order for your creditors to approve it, you will have to demonstrate that your creditors will receive more money under the restructuring plan than they would if you were to liquidate your business' assets and close its doors altogether. An experienced business bankruptcy lawyer will go over your business' finances in detail to maximize your debt relief and give you the most favorable reorganization outcome.

Contact us today

At Saeed & Little LLP, our knowledgeable business bankruptcy lawyers understand that your business represents years of hard work and investment. We're committed to helping your business through hard times, and our client-centered approach is what sets us apart from other Marion County bankruptcy attorneys.

Contact the Indianapolis, IN offices of Saeed & Little LLP, today at 317-800-6181, and speak with us about the needs of your business. Our team of experienced Chapter 11 bankruptcy lawyers can offer the skilled legal representation your business deserves.