Chapter 11: An Overview of How Utah Businesses Can Reorganize Their Debt

Posted about 3 years ago. Applies to Utah, 1 helpful vote

Email

With the slowing economy, many Utah businesses are getting weighed down by debt and some owners think their only option is shutting down. However, Utah businesses can use Chapter 11 bankruptcy business debt reorganization. In addition, individuals with higher incomes with debt limits exceeding Chapter 13 guidelines may also consider filing Chapter 11.

When a Utah business files Chapter 11 bankruptcy, it may continue operating but be freed from debt burden. Thus the business management may run the business while enabling the bankruptcy attorney and business owner to restructure business debt in a manner that frees the business of burdensome leases and contracts that no longer make economic sense.

Although there are not many Utah attorneys who file Chapter 11 bankruptcy, the lawyers at PEARSON, BUTLER, CARSON & COOK, PLLC enjoy the challenge of representing Utah businesses and individuals who need to reorganize debt to alleviate the financial hardship caused by business and personal debt.

Additional Resources

http://pbcclaw.com/blog/chapter-11-%E2%80%93-reorganize-business-debt

Chapter 11

Rate this guide

Can't find what you're looking for? Ask a Lawyer

Get free answers from experienced attorneys.

 

Ask now

27,536 answers this week

2,868 attorneys answering