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Chapter 11 Bankruptcy

Subchapter 5 for small businesses

A California small business might find itself debt-laden. Subchapter 5 of Chapter 11 bankruptcy could provide a solution for such business owners. Subchapter 5 and small businesses Chapter 11 bankruptcy provides a way for businesses to remain in business during...

Will I Lose My Business Assets if I File for Bankruptcy in California?

Business owners in California could lose their business assets if they file for personal bankruptcy under certain circumstances. Whether your bankruptcy places your business in jeopardy will depend on the type of bankruptcy you file, the structure of your business, and the value of the assets. The Bankruptcy Group has years of experience helping business owners through difficult financial times…

Will I Lose My Owned Rental Properties if I File for Bankruptcy in California?

People file for bankruptcy for many different reasons in California, under many different circumstances. In some instances, the trustee and court will review a bankruptcy with more scrutiny because the debtor has additional real estate besides their home. If you own investment or rental properties, it might be challenging to protect them in bankruptcy. The Bankruptcy Group wants our clients…

Will I Lose My Real Estate Investments if I File for Bankruptcy in California?

If you decide to file for bankruptcy in California, one of the first choices you will have to make is whether you wish to file for Chapter 7 or Chapter 13. This decision will impact your ability to keep possession of your real estate investments. Typically, if you file for Chapter 7, the bankruptcy trustee will take control of your…

How Does Chapter 11 Affect Shareholders in California?

Chapter 11 is a form of bankruptcy that, though occasionally used by individuals, is more commonly filed by corporations, partnerships, or limited liability companies (LLCs) in California. The major benefit of Chapter 11 over Chapter 7, which can also be filed by business entities, is that Chapter 11 allows the company to continue operating while the bankruptcy case is in…

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