Illinois Chapter 11 Attorneys
Chicago Business Bankruptcy Lawyer
Keeping your business going during difficult financial times is important. At Ledford & Wu, our bankruptcy attorneys have more than 50 years of experience helping Illinois businesses rescale operations, discharge debt, and return to profitability.
Our Chicago lawyers will work with your company as part of your team to help improve your financial situation. Contact us to set up a free consultation. We can establish a repayment plan that will get you back on the road to success.
Knowledgeable Representation for Small Businesses
Filing for Chapter 11 allows you to keep the doors of your company open. Similar to the other chapters of bankruptcy, the filing of Chapter 11 puts a halt on most creditor collections. Our attorneys work for you by negotiating with your creditors to establish a payment schedule that will repay certain debts while eliminating others. We realize how important it is to maintain your company's professional relationships, and we create a plan with that goal in mind.
From real estate owners to small retailers, we can guide your company through bankruptcy. We can assist with the restructuring of loan payments and the reorganization of your business. We will also explain how you can keep your company's assets.
We Clarify All of Your Bankruptcy and Non-Bankruptcy Options
At Ledford & Wu, we take the time to talk you through all of your bankruptcy choices, including:
- Chapter 7 : If closing your business is something you are interested in pursuing, then this option may be for you. Chapter 7 allows you to keep certain assets while wiping your liability clean.
- Chapter 13 : Business owners whose debt does not exceed the debt limit can file for Chapter 13. This choice allows a similar repayment plan as Chapter 11.
- Non-bankruptcy options: Filing for bankruptcy is not the right choice for every business with financial difficulties. We can talk through your immediate concerns to determine whether filing is right for you.
Contact Competent Bankruptcy Lawyers
Contact our offices by e-mail or call 888-542-1900 for a free consultation. We will review your finances to help you determine if bankruptcy is the right option for you.
