Chapter 11 Bankruptcy Lawyers in Jacksonville, FL

Experienced Jacksonville Bankruptcy Lawyers Ready to Assist

What do Marvel, General Motors, and United Airlines have in common? They are just a few examples of companies that have filed successful Chapter 11 bankruptcies.

Understanding Chapter 11 Bankruptcy in Jacksonville

Chapter 11 bankruptcy is a form of debt reorganization for businesses (and individuals, in very limited cases). It is also the most complex form of bankruptcy, which is why choosing a highly experienced legal team is critical to your success. At Edwards & Edwards, P.A., we have practiced as a firm since 2013, but our Jacksonville bankruptcy attorneys have over 65 years of combined legal experience. We can help you determine whether Chapter 11 will help your business, and, if so, we can help you complete this process as efficiently and painlessly as possible.

Want to learn more? Call (904) 478-9255 or contact us online to speak with an skilled Jacksonville Chapter 11 lawyer. Se habla Español

Eligibility Criteria for Chapter 11 in Jacksonville

Under the law, anyone that is NOT considered to be following may file for Chapter 11:

• A governmental agency
• An estate
• Nonbusiness trust
• Stockbroker
• Commodity broker
• Insurance company
• Bank
• SBA-licensed small business investment company

An individual may NOT file under Chapter 11 if he or she has had another bankruptcy case dismissed within the last 180 days. Chapter 11 is available to virtually any business or person that is able to afford to file and the expenses that arise. Unsure if you qualify? Speak with our Chapter 11 bankruptcy lawyers at Edwards & Edwards, P.A. today.

Step-by-Step Guide to the Chapter 11 Process

Like all forms of bankruptcy, Chapter 11 triggers the automatic stay. This is a court order that prohibits creditors and debt collectors from seizing your property or collecting your debt in any other way. The automatic stay lasts for the duration of your case, which means you will have anywhere from six months to several years of protection from debt collectors.

Most businesses choose to file under Chapter 11 in Florida because Chapter 7 is the only other option. Chapter 7 typically liquidates companies entirely, and businesses don’t receive the debt discharge that consumers do.

Debt Elimination: The Outcome of Chapter 11 Bankruptcy

Once a Chapter 11 plan is approved, the debtor's dischargeable debt(s) are forgiven. However, the following matters will continue even if filing for Chapter 11:

• Criminal Deft
• Divorce Payments/Debt
• Debt brought by Governmental Agencies to enforce police authority.

Comprehensive Support During Your Chapter 11 Journey

At Edwards & Edwards, P.A., we understand that navigating the Chapter 11 bankruptcy process can be overwhelming and complex. Our experienced team of bankruptcy lawyers in Jacksonville is here to provide you with the guidance and support you need every step of the way.

Why Choose Edwards & Edwards for Chapter 11 Bankruptcy?

• Thorough assessment of your financial situation
• Customized Chapter 11 bankruptcy solutions tailored to your business's unique needs
• Expert advice on restructuring debt and developing a feasible repayment plan
• Representation in negotiations with creditors and other parties involved
• Assistance with paperwork, documentation, and court filings
• Regular communication and updates on the progress of your case

Our goal is to protect your business and maximize its potential for a successful future. We will work tirelessly to find the best possible solutions for your financial challenges, allowing you to focus on what you do best - running your business.