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Wesbrooks Law Firm, Texas > Legal Services > Bankruptcy > Chapter 11 Bankruptcy for Small Business Owners

Chapter 11 Bankruptcy for Small Business Owners

The United States Bankruptcy laws permit reorganization of businesses suffering from financial problems. Forced debt restructuring through Chapter 11 bankruptcy proceedings can allow elimination of certain debts, and afford reasonable repayment plans with lower interest rates and lower balances on financed obligations (i.e. real estate, equipment, vehicles). Furthermore, businesses may provide reasonable payment plans with terms that accommodate the business’s payment ability with respect to taxes.

Forced debt restructuring through Chapter 11 bankruptcy proceedings can allow elimination of certain debts, and afford reasonable repayment plans.

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Updated by: Wesbrooks Law Firm - Texas
Service Type: Chapter 11 Bankruptcy for Small Business Owners Attorney

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