Lucosky Brookman LLP
• We provide evening consultations
• We guarantee quick turnaround time for drafting client petitions
• We have many years of collective legal experience
• We have filed more than 2,000 cases
Are you currently drowning in debt? If yes, it is advisable that you immediately retain the representation of Lucosky Brookman LLP. Our firm has over 20 years of experience and has filed more than 2,000 cases. Once you decide to secure our reassuring help, you can be guaranteed that you will get the best personalized financial solutions for your situation. We will comprehensively educate you on the laws concerning your financial case.
Chapter 11 Bankruptcy for an individual, business, or corporation is intended to offer …show more content…
Many of these LLCs are experiencing negative cash flows or have negative net-worth due to the falling commercial real estate prices. You can lessen the principal balance on your commercial real estate by filing for Chapter 11 to help make your business profitable. An attorney from Lucosky Brookman LLP will be standing by to offer comprehensive legal assistance and assist you to arrive at an ideal solution for your circumstance.
Chapter 11 bankruptcy for individual persons:
Majority of the people who file for Chapter 11 usually have income and debts exceeding the acceptable limits under Chapter 13 and Chapter 7. People who have investment properties that are of a value less than their loan balance are in a position to benefit from Chapter 11 to lessen the balance of the properties. Moreover, Chapter 11 gives a person the ability to “strip” second mortgages on residential real estate or investment.
The benefits available to debtors once they reorganize under Chapter 11 include:
• Prevention and recovery of specific involuntary transfers
• Short-term rescheduling of debts incurred pre-petition
• Safeguarding a going