Chapter 11 Shelby County

SHELBY COUNTY, INDIANA BUSINESS BANKRUPTCY ATTORNEYS

Many Shelby County business owners are finding it hard to stay profitable in these hard economic times. From small businesses to large corporations, companies throughout the country are seeking relief from their debts. If your business is finding it hard to stay afloat and pay its vendor invoices, lease payments, SBA loan installments, or meet its other financial obligations, Chapter 11 bankruptcy may give your business an opportunity to reorganize while continuing normal business operations.

Serving large and small businesses in Shelbyville, Flat Rock, Mt. Auburn, and other communities throughout Shelby County, Indiana, the business bankruptcy lawyers of Saeed & Little LLP, have the experience and legal knowledge to help your business find relief from its debts.

Keep your business open while in bankruptcy

When your business files for Chapter 11 bankruptcy, you will be able to retain control of the business as a debtor in possession (DIP). As debtor in possession, you are given four months of exclusive rights to the reorganization plan. While in Chapter 11 bankruptcy, you are able to keep your doors open and continue all normal business operations. Any major actions that would impact your bankruptcy filing, such as selling off assets, buying real estate, expanding operations, and other large transactions will require prior approval from the bankruptcy courts.

Developing a reorganization plan in Chapter 11 bankruptcy

Your bankruptcy attorney will work with you to develop a restructuring plan that your creditors and the bankruptcy court will find agreeable. For your creditors, this generally means that they will receive more from the reorganization plan than they would if your business liquidated its assets and closed its doors. Oftentimes, the reorganization plan will involve some degree of downsizing to reduce your business' expenses. An experienced business bankruptcy attorney can help your business maximize its debt relief through a Chapter 11 bankruptcy filing.

At Saeed & Little LLP, we understand that you have worked hard to build your business, and our commitment to our clients is what sets us apart from other business bankruptcy lawyers serving Shelby County, IN.

Contact us today

To speak to a knowledgeable Shelby County business bankruptcy attorney about whether Chapter 11 bankruptcy is right for your business, contact Saeed & Little LLP, at 317-800-6181.