Corporate Bankruptcy Florida

A business that files for corporate bankruptcy with the government can file for Chapter 11 and Chapter 7 bankruptcy. Chapter 7 is a more severe form of bankruptcy for a company that has gone so deep into debt that it can no longer remain a business.

Local Companies

National Foundation for Debt Management
(727) 584-6667
14104 58th Street N.
Clearwater, FL
Arnold L J III
(904) 264-3627
718 N Orange Ave
Green Cove Springs, FL
Christian Smith & Assoc PA
(904) 398-5600
3617 Crown Point Rd Ste 4
Jacksonville, FL
Cohen & Thurston
(904) 388-6500
1723 Blanding Blvd
Jacksonville, FL
Xpress Inc
(904) 249-9399
1511 Penman Rd Ste B
Jacksonville Beach, FL
Athern Fred L JR
(904) 246-9994
2215 3rd St S
Jacksonville Beach, FL
Albertelli & Halsema PL
(904) 246-9400
233 3rd St N Ste 201
Jacksonville Beach, FL
Law Office of Maria Caldarone
772-794-3500
1705 19th Place
Vero Beach, FL
Albert H Mickler
(904) 725-0822
5452 Arlington Expy
Jacksonville, FL
Bryan Mickler
(904) 725-0822
5452 Arlington Expy
Jacksonville, FL

A business that files for corporate bankruptcy with the government can file for Chapter 11 and Chapter 7 bankruptcy. Chapter 7 is a more severe form of bankruptcy for a company that has gone so deep into debt that it can no longer remain a business. Chapter 7 companies usually end up being liquidated, with its remaining assets to be divided among creditors and shareholders. Companies file for Chapter 11 bankruptcy if they want the government to help them reorganize their company.

More Notes on Corporate Bankruptcy

Companies who file for corporate bankruptcy (under Chapter 11) hope to be profitable, with some restructuring and reorganization. The downside is that there are a significant number of hassles when it comes to filing for corporate bankruptcy with the government. One of them is that a significant amount of filing and paperwork is required. Another is that the company must first hire the services of professional debt counselors before any government help can be offered.

The filing and formality of Chapter 11 can cause unnecessary delays and additional money spent on obtaining debt counseling, before the government will appoint a committee to come up with a plan of action for reviving the company. One way that some companies avoid these hassles, but still receive just as many benefits, is to hire the services of a debt reorganization firm.

By creating a debt restructuring program, the debt reorganization firm helps companies make lower, consistent monthly repayments that creditors will accept. These payments even have a positive influence on the company's credit rating. Debt consolidation also lumps all debts together for more convenience.

Featured Local Company

National Foundation for Debt Management

(727) 584-6667
14104 58th Street N.
Clearwater, FL

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