Bankruptcy Legal Services
We've successfully handled 500+ bankruptcy cases and adversary proceedings for clients.
Our Specialty
Chapter 11 Bankruptcy
If you’re considering chapter 11 bankruptcy, consider Porter Law Network. We will help negotiate restructured loans, settle credit card debt, and protect your important assets such as your home and car.
You Deserve a fresh start, and we’ll help you through each step of the process.
The Porter Law Network offers exceptional legal services to those who are undergoing Chapter 11 bankruptcy. Our experienced attorneys have an in-depth knowledge of Chapter 11 bankruptcy laws and understand how these cases can be incredibly daunting and overwhelming for clients. We provide the support and guidance you need to get through the process, offering personalized counsel tailored to your specific needs.
Three Simple Steps
Step 1
Step 2
Step 3
Complete Consumer Credit Counseling
The bankruptcy law has a consumer credit counseling requirement. You must complete the credit counseling and obtain a certificate in order to be eligible to file a bankruptcy case. Be aware that there is a fee for this counseling service.
Many companies offer credit counseling. Ms. Porter’s company, DebtorCC™, can be reached at (800) 610-3920. Another company, Springboard Nonprofit Consumer Credit Counseling, can be reached at (800) 947-3752.
Start Preparing Your Documents
In order to continue this legal process, you must have an accurate record of certain papers. The documents that are required include:
• Consumer Credit Counseling Certificate
• A Complete List of All Your Creditors
• Copies of Your Paystubs or Proof of All Income for the Last Six Months
• Copy of Your Most Recent Tax Return
Schedule Your Appointment and Consultation
The third step of these financial proceedings involves scheduling an appointment with me. For your convenience, these appointments can be made over the phone or online.
Contact Ms. Porter to receive support from a renowned attorney as you complete necessary bankruptcy procedures.
Help With Required Bankruptcy Procedures & Credit Counseling
Make sure that you are completing all of the necessary bankruptcy procedures with assistance from Porter Law Network in Chicago, Illinois. Ms. Porter is highly-trained in an array of helpful services, such as outlining the steps toward successfully filing bankruptcy.
Bankruptcy FAQs
What is chapter 11 Bankruptcy
Chapter 11 bankruptcy is a type of bankruptcy that allows a business or individual to reorganize their financial affairs while continuing to operate their business. It is commonly used by corporations, partnerships, and sole proprietorships.
How Does Chapter 11 Bankruptcy Work?
In Chapter 11 bankruptcy, the debtor presents a plan of reorganization to the court outlining how they will pay their creditors over time. The court must approve the plan before it can go into effect. Once the plan is approved, the debtor typically has exclusive control over the assets and operations of the business.
Who can file for Chapter 11 bankruptcy?
Chapter 11 bankruptcy is available to businesses and individuals, including corporations, partnerships, and sole proprietorships, who owe more debt than they can repay.
What are the benefits of filing for Chapter 11 bankruptcy?
Some benefits of Chapter 11 bankruptcy include: the ability to continue operating the business while reorganizing, the ability to negotiate with creditors to reduce debt, and the ability to shed unprofitable assets.
Are there alternatives to Chapter 11 bankruptcy?
Chapter 7 and Chapter 13 bankruptcy are alternatives to Chapter 11 bankruptcy for individuals and businesses, respectively. Additionally, out-of-court debt restructuring or negotiation with creditors can also be alternatives. However, it is best to consult with a bankruptcy attorney to determine which option is best for your situation.
Why Choose Porter Law Network?
Porter Law Network is committed to providing exceptional Bankruptcy Legal Services to their clients. We understand that filing for bankruptcy can be intimidating and strive to ensure their clients’ rights are protected throughout the entire procedure.
We offer personalized, comprehensive legal solutions tailored to each individual’s unique situation. Our team of qualified attorneys have a wealth of experience and knowledge in Bankruptcy law, ensuring every client receives the best legal advice available. Porter Law Network understands how important it is for individuals in difficult financial circumstances to receive sound guidance and will go above and beyond to provide the best Bankruptcy Legal Services possible.