Chapter 11 Reorganization Attorney in Boca Raton, Florida

Will I get to keep my stuff in a Chapter 11 reorganization plan?

More In This Category

View Transcript

0:04
yes in a chapter 11
0:07
reorganization the business gets to keep
0:10
its stuff and the same with the
0:12
individual no assets are taken just like
0:15
would be happening in a chapter 7 where
0:18
a trustee comes in and takes assets so
0:20
the business keeps its assets the
0:23
individual keeps their assets but
0:25
they’re on a payment plan and this is
0:27
very important you don’t have a
0:29
disruption of business you don’t have a
0:31
disruption of your life you’re basically
0:34
putting everyone on an orderly payment
0:36
plan and that’s very important and
0:38
that’s what makes chapter 11 unique

Boca Rotan, FL bankruptcy lawyer Aaron Wernick talks about whether you will get to keep your stuff in a Chapter 11 reorganization plan.

More Videos From This Lawyer