Bankruptcy Chapter 11 Lawyers

Chapter 11 bankruptcy holds more intricacies than filing for Chapter 13. Your bankruptcy lawyer will look at all paperwork, assess for which Chapter you qualify for based on earnings, debt, and recoverability, and guide you through which way to proceed.

Chapter 11 does not wipe out your debt as in Chapter 7. Under Chapter 11 you prove you are financially capable to pay the debt in full, or if negotiated at a reduced rate for the period specified under law. Most individuals filing for Chapter 11 are for owed taxes.

If you have debt or owe taxes and wish to have time on your side as you pay back your debt while protecting your assets, contact the Law Office of John J. Macron, Esq today at (718) 889-3583.

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