My practice is focused on the areas of Business Bankruptcy, Real Estate, Business... more
My practice is focused on the areas of Business Bankruptcy, Real Estate, Business Litigation, Creditor/Debtor Negotiation, and other General Business work, oftentimes within the context of Chapter 11 Reorganizations. I assist companies that are in need of financial restructuring--whether in or outside of bankruptcy court--and help them to continue operating and preserve their assets and assemb... view profile
Scott’s practice started in Chicago working for two of the most innovative... more
Scott’s practice started in Chicago working for two of the most innovative construction lawyers in the country, Steven G.M. Stein and Stephen Ray, who have trained many of the nation’s top lawyers in the field. Scott also was fortunate enough to work with Lee A. Freeman, Jr., regarded by many as Chicago’s most successful civil trial lawyer in the 1990s. Over the past 25 years, which include... view profile
Jerry's interest in chapter 11 cases and business litigation began during his third... more
Jerry's interest in chapter 11 cases and business litigation began during his third year of law school, more than 30 years ago. He interned with Judge C.N. Clevert who was a bankruptcy judge at the time and later became a district court judge in Milwaukee. While in law school, Jerry wrote a law review article that studied the effects of the then new 1978 Bankruptcy Code in chapter 11 cases. ... 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.
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