Erica has practiced law for over 30 years, concentrating her time, talents and... more
Erica has practiced law for over 30 years, concentrating her time, talents and passion on assisting clients to get out of debt and to build a solid financial future. Her field of expertise includes the spectrum of distressed property issues, short sale transactions and counseling her clients in re-establishing their credit and becoming debt free and mortgage free. Erica is also a resouce... view profile
Attorney Rusty A. Payton has practiced in Chicago for the last twenty years. He is... more
Attorney Rusty A. Payton has practiced in Chicago for the last twenty years. He is an honors graduate of the Ohio State University and the Ohio State College of Law. His firm's practice areas are centered around helping people and businesses with some of the most important aspects of their financial lives. Buying a home, signing a lease, getting your security deposit back, forming a new busines... view profile
If you own a business that owes money but needs time to repay it, you may require the services of a Chapter 11 bankruptcy attorney. When a company attempts to stay in business and files Chapter 11, the bankruptcy court supervises the company's reorganization of debts and contracts for repayment. This means the company can negotiate for later due dates, or pay the debts for less, with the creditors' and court's agreement. If there's simply not enough money to manage the debts even with extra time, then the Chapter 11 is converted to a Chapter 7 and the company ceases to exist. Other times, creditors take ownership of the company to try to salvage their losses. Chapter 11 attorneys can help you navigate the process and predict the legal consequences of filing under Chapter 11, whether you are a debtor or a creditor.
Chapter 11 Bankruptcy Attorneys in cities near Evanston, IL