Under Chapter 11 bankruptcy , a debtor can restructure its finances through a plan of reorganization approved by the bankruptcy court. By reducing obligations and modifying payment terms, a Chapter 11 plan can help a debtor balance its income and expenses, regain profitability, and continue in operation. Under Chapter 11, a debtor also can sell some or all of its assets so it can downsize its business if necessary or pay down claims that it owes.
Mr. Armstrong a Fresno Bankruptcy Attorney has significant and positive experience in corporate reorganizations under Chapter 11. This includes debt restructuring, sales of distressed businesses, debtor in possession financing, and confirming plans of reorganization. Mr. Armstrong’s goal is to develop a business plan that may be confirmed as a plan of reorganization. Mr. Armstrong has a proven track record in Chapter 11 cases and has reorganized many businesses in and around Fresno & Madera County and the San Joaquin Valley.