Chapter 11 Bankruptcy For Businesses And Individuals

Most people think of Chapter 11 bankruptcy is only for businesses. However, Chapter 11 can also be an effective means for obtaining debt relief for individuals or couples with large amounts of debt.

Klein, DeNatale, Goldner, with offices in Bakersfield and Fresno, California, represents debtors and creditors in Chapter 11 bankruptcy proceedings. We have extensive experience in this field and work diligently to protect our clients' rights throughout the bankruptcy process. For aggressive representation in bankruptcy court, turn to Klein, DeNatale, Goldner.

Chapter 11 For Businesses

If your business has cash flow problems and faces difficulties in paying its debt obligations, it is time to get counsel from an experienced team of bankruptcy lawyers. Klein, DeNatale, Goldner has the financial analysis and advocacy skills needed to handle your case. We can review your situation and explain your debt relief options. Depending on circumstances, these could include Chapter 11 business bankruptcy, Chapter 11 individual bankruptcy, Chapter 13 individual bankruptcy or a nonbankruptcy workout.

At KDG, our bankruptcy lawyers are fully conversant with the complexities of the bankruptcy system. When representing you, we will work hard to reduce your debts as much as possible and put your business in a sound financial footing.

In one significant, complex commercial case involving two related businesses, KDG obtained approval for a joint Chapter 11 Plan of Reorganization. The Plan restructured more than 100 secured claims, numerous commercial equipment leases and a collective bargaining agreement, among other things. Our plan will allow the restructured businesses to continue to operate and to repay creditors significantly more than they would have received in a liquidation scenario.

Chapter 11 For Individuals

Some individuals, such as affluent individuals, business owners, or real estate investors who own multiple properties, can benefit by filing Chapter 11 rather than Chapter 13. Klein, DeNatale, Goldner can advise you regarding your best course of action. When we file your bankruptcy petition, the automatic stay goes into effect, stopping collection, foreclosure, and repossession actions. This will provide you with financial breathing room, and gives us time to develop a Chapter 11 reorganization plan designed to protect your assets and obtain debt relief.

Contact A Business Bankruptcy Attorney

Call Klein, DeNatale, Goldner at 661-401-7755 or complete our client inquiry form to schedule a consultation.

We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.