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Business Bankruptcy Attorney of Raleigh

What is Chapter 11 Bankruptcy?

Any business, whether it is a corporation or sole proprietorship, can file Chapter 11 bankruptcy if it is not able to pay its debt. Keep in mind that in Chapter 7 bankruptcy the business stops operating and the proceeds for the sale of its assets are paid to its creditors. With Chapter 11 the business can remain operating. The debtor becomes the debtor in possession and has the opportunity to restructure the business.

Chapter 11 Bankruptcy Attorneys in Raleigh, NC

If you are interested in filing for bankruptcy for your business, we encourage you to consult a Raleigh bankruptcy attorney at Hopper Law Office. We can help discover your best options to stay in business.

Contact Hopper Law Office

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