I consider myself very lucky. Some of my early experiences are unique in my... more
I consider myself very lucky. Some of my early experiences are unique in my generation. I started my education in a true one room school house in a rural area of upstate New York. K through 8th grade in a single room with a coal stove as the only heat. I was only there for two years, but I always felt protected by the older kids. In 1956 my paternal grandfather died, and we moved back to the f... 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.