Riverside Chapter 11 Bankruptcy Lawyer

Chapter 11 Bankruptcy is a reorganization of debt for business partnerships and corporations. In some situations, individuals may be eligible for Chapter 11 bankruptcy. Chapter 11 is a business reorganization that allows a business to retain ownership throughout bankruptcy filing. Attorney Winfield Payne has extensive experience helping business owners obtain relief from debts.

Are you interested in speaking with a lawyer about options for filing Chapter 11 Bankruptcy? Please contact Attorney Winfield Payne today to arrange a free consultation. Since 1979, Mr. Payne has provided hands-on legal representation by personally preparing and filing all bankruptcy documents.

"Debtor in Possession"

Mr. Payne provides personalized services to business owners throughout the duration of the bankruptcy filing. A bankruptcy petition will be filed. This petition will include a list of assets and liabilities as well as a complete statement regarding the business's finances, including project earnings. Chapter 11 Bankruptcy is unique, because the debtor will generally function as his or her own trustee. This concept is called a "debtor in possession".

Continue Operating the Business

Often, the repayment plan will allow the business owner to remain in business. Creditors are often repaid from future earnings, sales of assets, and from borrowing. Mr. Payne can discuss with you the variety of options available to you and to your business. Our firm strives to find successful outcomes for our business clients--outcomes that allow businesses to continue operating and profiting.

Please contact Winfield Payne & Associates to learn how we can help you.