Chapter 11 Reorganization Attorney in South Florida, Florida

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

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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
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very important you don’t have a
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disruption of business you don’t have a
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disruption of your life you’re basically
0:34
putting everyone on an orderly payment
0:36
plan and that’s very important and
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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.

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