You know that bankruptcy is an option for individual consumers who are overwhelmed by debt and unable to manage payments owed to creditors, but you may not realize that bankruptcy is also an option for business entities that have overwhelming debt as well. Chapter 11 bankruptcy may offer relief and debt reorganization for businesses in difficult financial circumstances.
If you own and operate a business, you know how expensive it can be to run day-to-day operations and keep up with your financial obligations. Over time, these expenses can become overwhelming, eventually resulting in a significant amount of debt. By filing for Chapter 11, you may find relief and a solution to some of your California business' complex money concerns.