New Hampshire Chapter 11 Business Bankruptcy

Restoring your business’s viability

If you are heading a business struggling to pay back creditors, attorneys at DeBruyckere Roth & Associates, PLLC can help you explore a New Hampshire business bankruptcy. Sometimes, the only possible way to free your business from the shackles of debt and the constant demands from creditors is bankruptcy. Business bankruptcy does not necessarily mean the end of your business; rather, filing for Chapter 11 can offer you the time that you need to pay creditors and reorganize your company.

If you would like to explore how to make your business viable in the long-term instead of worrying about how to pay back endless debt in the short-term, then contact New Hampshire business bankruptcy lawyers at DeBruyckere Roth & Associates, PLLC.

Business bankruptcy options

Businesses buried in accumulating debt can pursue two bankruptcy options: chapter 7 and chapter 11. Chapter 7, or liquidation, entails the discharge of debts and distribution of non-exempt assets to credits. This option should only be pursued by businesses which have little or no chance of paying back debts and no real interest in continuing the business.

Filing a New Hampshire business bankruptcy claim

Chapter 11 bankruptcy, on the other hand, more closely resembles Chapter 13 for individuals by establishing a repayment plan. With Chapter 11, business owners are permitted to maintain complete control over their assets as they restructure their company.

A key component of any Chapter 11 claim is the formulation of a payment plan that is approved by a creditor’s committee. Attorneys at DeBruyckere Roth & Associates, PLLC can assess the details of your business’s financial situation in order to create a realistic schedule for payments.

As an alternative to bankruptcy, DeBruyckere Roth & Associates, PLLC assists clients seeking a New Hampshire business work out. A business work out involves negotiating repayment with creditors outside of court. When creditors are not willing to negotiate, this option is not possible.

If the future of your business looks very uncertain, contact a New Hampshire Chapter 11 lawyer for more information about the benefits of bankruptcy.

Call 480-295-3470 for help with a New Hampshire business bankruptcy.