The law firm of David J. Winterton rescued me from a serious financial situation. I had determined that filing a Chapter 11 bankruptcy was my best course of action, especially since this solution had been recommended by another attorney that I trusted, but he didn’t specialize in bankruptcy. That attorney highly recommended David Winterton and I now understand why.
Even though I went to Mr. Winterton with the intent to file bankruptcy, he spent a considerable amount of time trying to talk me out of it and explaining all the repercussions of such a drastic measure. My first thought was, wow, he is willing to blow his chance to earn a large amount of legal fees if he ends up talking me out of filing the bankruptcy. But once I covered the issues of my particular case, and the reasoning of the attorney who referred me, he agreed that my best course of action was to go ahead and file the Chapter 11 bankruptcy.
And from there on, thanks to their expertise, he and his firm guided me through the process and everything went very smoothly, from the documents being filed, court appearances, monthly reporting, and a final conclusion that left me in a far better financial situation than I had ever imagined.
Chapter 11 Bankruptcy
David J. Winterton & Associates have been helping business owners like you through the Chapter 11 reorganization process for several decades and our attorneys are ready to answer all of your questions. A Chapter 11 is for businesses and individuals with large amounts of debt.
When you contact us for a free and no obligation bankruptcy consultation, our attorneys will go into greater detail about the business bankruptcy timeline.
When you file for bankruptcy protection under Chapter 11, we will assist you in preparing a disclosure statement and submitting a plan of reorganization to the court within 120 days. We will work closely with you to help create the best plan possible to successfully restructure your business debt. Your plan may involve repayment extensions, adjustments to interest rates, or debt relief. We can also answer all of your questions about bankruptcy and guide you through the process from start to finish.
Once we help you develop a plan it must be approved by a majority of the creditors and confirmed by the court. We will present to the court why the proposed plan of reorganization is in the best interest of the creditors, why the plan is feasible, and why your business will not need any further restructuring in the future.
After the plan of reorganization is proposed and confirmed, you will be discharged from all debts filed within the plan. Following confirmation, the debtor’s property will be free and clear of liens and encumbrances unless they were preserved in the plan documents. The terms of the confirmed reorganization plan, including any repayment conditions, must be adhered to by both the debtor and the creditors. Your chances of getting your initial plan confirmed increase exponentially when you have the right Chapter 11 attorneys working with you. From the start of the process until it has ended, we can position you for a successful completion.
The Chapter 11 bankruptcy process is extremely complicated for people unfamiliar with its intricacies. Most attorneys are not sufficiently experienced in these bankruptcy proceedings, therefore, they usually refer their clients to our firm. A knowledgeable and highly experienced attorney is critical in succeeding through this complex litigation. The process is best navigated with the help of a seasoned lawyer on your side. Call our law firm today for a free consultation and for the peace of mind that comes from having an experienced and reputable Chapter 11 law firm on your side.