The Chapter 11 Plan
If your business is considering filing for bankruptcy protection, you may be feeling uncertain about its future. Thankfully, there is help for you during this difficult time. You should not have to face the challenges of bankruptcy alone.
To help ensure that your interests are protected throughout the bankruptcy process, call an experienced New Orleans Chapter 11 bankruptcy attorney from the Law Office of David D. Kervin, Jr., LLC, at 504-599-5906 as soon as possible. Do not wait until it is too late to explore the legal options available to you. Call today for a free consultation.
What Is The Chapter 11 Bankruptcy Plan?
The Chapter 11 bankruptcy plan does the following:
- Classifies claims made against you
- Details how each type of claim will be treated
- Details the way the plan will be carried out
Once the Chapter 11 plan has been made, it must then be approved by the bankruptcy court. In order to get this approval, three steps should be followed:
- Crafting of the plan
- Seeking acceptance of the plan by interested creditors
- Confirming the plan at a confirmation hearing
Chapter 11 is a complex process, which is why it is recommended that you consult with an experienced legal professional before taking action.
Contact Us
Contact an experienced New Orleans Chapter 11 bankruptcy attorney at the Law Office of David D. Kervin, Jr., LLC, at 504-599-5906 to have your questions answered and legal options explored. Our knowledgeable attorneys are ready to help your business get back on track.