Cincinnati Bankruptcy Attorneys Your Path to a Better Future Starts Here

Chapter 11 Bankruptcy Lawyers in Cincinnati

Serving Business Owners in Ohio & Northern Kentucky

Are you confident your small business will be profitable in the future — if only you can find a way to restructure the debts you have today? For some companies in this situation, Chapter 11 "reorganization" bankruptcy is the answer. The Bankruptcy Code also provides Chapter 11 as an option for some individuals with high income but insurmountable debts, often associated with business losses or real estate issues.

Understanding Chapter 11 Bankruptcy in Ohio

Chapter 11 bankruptcy involves creating a debt repayment plan, much like Chapter 13 bankruptcy. Unlike Chapter 13, Chapter 11 is used by corporations so they can continue operations while repaying debts.

A Chapter 11 petition includes:

  • Listed assets and liabilities
  • Summarized financial affairs
  • Current income and expenses
  • Creditor contracts and unexpired leases

Will Restructuring Debt through Bankruptcy Put Me Back on Track?

The complex financial analysis required for successful individual and business Chapter 11 bankruptcy filings is beyond the scope of many law practices. However, it is a clear strength for us at the Law Office of Goering & Goering, LLC, where our attorneys' qualifications include certification in business bankruptcy law and many decades of relevant experience.

Our process when dealing with a business or an individual in debt is rigorous and focused. Ultimately, we understand your lawyer must have a clear vision of which assets you want to protect and whether bankruptcy makes the most sense.

If you're considering Chapter 11, key points to consider are:

  • It will be necessary to show that if you stay in business, your operations will support a repayment plan for some or all of your debts, perhaps at only pennies on the dollar.
  • In some cases, a Chapter 11 filing is the best way to restructure Small Business Administration (SBA) loans and other bank debts, stop equipment repossessions and lawsuits, gain time to pay back taxes, and achieve your specific objectives.

Clear Guidance on the Benefits & Risks of Chapter 11

We act as honest business advisers as well as Chapter 11 bankruptcy attorneys. This means that we will not approach your case with the assumption that bankruptcy is the right move. We will review all possible options and consider what you are trying to achieve.

If you need clear guidance on business bankruptcy or consumer bankruptcy, schedule your free consultation at our firm in Cincinnati.

Why Hire Law Office of Goering & Goering, LLC?

  1. We have over 50 years of combined experience exclusively handling bankruptcy cases.
  2. We handle both consumer & business bankruptcy cases in Ohio and Northern Kentucky.
  3. We have filed thousands of bankruptcy cases & also teach bankruptcy law.
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