Chapter 11 Bankruptcy in Pennsylvania
The Business Reorganization Bankruptcy Solution
Chapter 11 Bankruptcy is filed almost exclusively by business entities. Chapter 11 is commonly called a reorganization, because it allows businesses to restructure their organization and their debts with the goal of emerging as a more profitable business after a successful reorganization.
Call Scaringi Law at (717) 775-7195 to schedule a case evaluation.
Filing a Chapter 11 Bankruptcy gives a business access to tools, including the ability to reject leases for unprofitable locations, eliminate unprofitable parts of the business, and negotiate a plan to repay debts that can modify, reduce, and even eliminate some debts.
Bankruptcy is an option that is typically exercised when all else has failed. However, you should be careful not to wait until it is too late. The best time to reorganize is while your business is still operating when you realize part of your business is a drain on the rest of the entity, but before the entire business has sunk.
A successful Chapter 11 Bankruptcy can give you more power to negotiate with creditors, help your business get out from underwater, and help it emerge as a leaner and more profitable entity.
Scaringi Law represents Chapter 11 bankruptcy clients primarily from Dauphin, Perry, Cumberland, York, and Lancaster Counties, but we are willing to represent clients anywhere in the Middle and Eastern Districts of Pennsylvania. If you find that your business is struggling and you think a Chapter 11 Bankruptcy might offer the relief you need, contact our office at (717) 775-7195 to schedule a case evaluation.