Chapter 11 Bankruptcy Lawyer in Gwinnett County

If you are an individual with more than a certain amount of in unsecured debt and in secured debt, or you are filing as a corporation, partnership, or LLC, you will not qualify for Chapter 13 bankruptcy. But Chapter 7 “liquidation” bankruptcy is not your only alternative. Chapter 11 bankruptcy may allow you to successfully restructure your finances without losing all your assets or going out of business.

Chapter 11, however, is the most complex and expensive form of bankruptcy. If you want to finish this proceeding with strong financial foundations, you will need assistance from a skilled Chapter 11 bankruptcy lawyer. At Schuyler Elliott & Associates, Inc., our attorney has the experience needed to guide you through this process and help you keep what matters most.

To see if Chapter 11 may be right for you or your Gwinnett County business, call our legal team at (770) 400-9102 or contact us online today.

Helping Individuals & Businesses Obtain Financial Freedom

Chapter 11 bankruptcy allows debtors to reorganize finances, renegotiate debt, and, if applicable, keep their businesses running. When you bring your financial matter to our firm, the first question we will answer is whether Chapter 11 is right for you. We can closely analyze your situation, listening to both your short- and long-term goals in order to select the best possible debt-relief strategy for your unique situation. If Chapter 11 will not accomplish your goals, we can help you find a more effective alternative.

At Schuyler Elliott & Associates, Inc., we help:

• Individuals. Chapter 11 is best for individuals with high-value assets and more debt than would be permitted for Chapter 13. Business owners , celebrities, professional athletes, and real estate investors are just a few examples of people who could greatly benefit from Chapter 11.
• Large businesses/corporations. From United Airlines to General Motors, companies use Chapter 11 bankruptcy to mitigate debt while retaining full control over their business. They can modify loan payment terms, reduce obligations, and potentially sell assets to downsize and repay creditors.
• Small businesses. As of February of 2020, small businesses (with less than $2,725,625 of debt*) have exclusive access to a streamlined and cost-effective version of Chapter 11: Subchapter V. Subchapter V saves businesses from the time and cost of creditors’ committees and disclosure statements, also allowing businesses to move forward with a repayment plan without creditor approval. Small businesses have additional filing and reporting obligations, however, and are subject to more oversight by the U.S. trustee.

*Per the Coronavirus Aid, Relief, and Economic Security Act, the Subchapter V debt threshold is extended to $7,500,000 for one year, allowing more companies to qualify as small businesses.

Get a Consultation with a Chapter 11 Lawyer in Gwinnett County

Whether you are filing as an individual, an LLC, a partnership, or a corporation, our team at Schuyler Elliott & Associates, Inc. can help you minimize asset liquidation and maximize debt relief. With our skilled and experienced guidance, you will have the best possible chance of obtaining the fresh financial start you need.

Put 25+ years of experience to work for your future. Call (770) 400-9102 or fill out our online contact form to get started today.