At The Schwartz Law Firm, we are one of the few firms in this part of Nevada to provide Chapter 11 bankruptcy services. This type of bankruptcy is typically known as a “business reorganization” because it involves developing a plan of reorganization to present to creditors. The plan of reorganization is essentially the contract that tells creditors what they will receive through the reorganization. This chapter of the bankruptcy code usually applies to businesses or individuals with a significant amount of debt.
Corporate bankruptcy can be both expensive and time consuming, which is why it is important to have an attorney with experience in Chapter 11 filings. Attorney Samuel A. Schwartz handled a wide range of Chapter 11 matters for large corporations, including Zenith Electronics, United Artists and W. R. Grace & Co. His experience makes our firm especially well prepared to handle reorganizations.
Because of the cost of the fees and complexity of Chapter 11 bankruptcy rules, most cases are filed by businesses. There may be other choices, such as receivership, for companies experiencing cash flow problems. They may seek corporate liquidation under Chapter 7. Our lawyers advise clients about the best financial option for their circumstances.
The steps for filing corporate bankruptcy include the following:
These steps represent a simple explanation of a complicated process. For more information, Las Vegas businesses seeking debt relief through Chapter 11 should contact our law firm.
At The Schwartz Law Firm, we will assess your unique financial situation, ask the right questions and explain the legal and financial alternatives available in clear and understandable language. Contact us to learn more about our Chapter 11 corporate bankruptcy services.
We have Spanish-speaking staff to assist those who communicate best in Spanish.
"Since the first day we met you, you have taken the pressure from us and guided us through this whole foreign process. Sam and Brian are wonderful and I think that trickles down into the rest of the office staff. I cannot say enough about your law firm and the people in it!!! You were right about everything. Brian was so on it yesterday. I was saying a little prayer the whole time but he is wonderful as well and reassured us everything was going to be ok. He just guided us along, so we knew what to expect."
- Shawn R.
"Schwartz Law firm did an incredible job of handling the sale of our home. They handled our biggest fear of managing the negotiation with the big bank, and simplified what could have been a frightening process for our family. Without their help, I do not believe we would have been able to negotiate the sale of our house in this economic environment. No one should try a workout directly with a bank without their help."
- Bob D.
"I just wanted to say THANK YOU for all of your hard work, organization and vast knowledge in helping us with our bankruptcy. I know we are not completely done yet but I did not want you to go on leave without letting you know what a wonderful help you have been. You are so calm and patient and make us feel like we are the only client you are working on. Your whole office is incredible."
- Shawna R.