770-609-1247 | Bankruptcy Chapter 11

Call 770-609-1247 to Speak With an Experienced Georgia Bankruptcy Lawyer.

Our bankruptcy legal team has over ten years of helping people and businesses deal with crushing debt and get immediate relief.

A Chapter 11 bankruptcy allows businesses and individuals to create a new plan to settle and repay debt in a more manageable solution.  Individual filing of Chapter 11 is uncommon because of the complications within procedure and the cost. Business filings of a Chapter 11 seek to revitalize and reorganize a business to function more viably financially.

Types of companies that can file for Chapter 11 bankruptcy include those with purchase contract problems, lease issues, or past debt mishandling. In a Chapter 11, these companies must continue to cover all normal operating costs while they operate, but past debt is momentarily put “on-hold”. The company must file to the local Federal court their monthly expense reports as well as their “disclosure statement” so that it can gauge the company’s financial standing. A disclosure statement includes the company’s history, where it stands now, and a future plan to reestablish itself. After the Court approves the company’s plan, the case is no longer under direct Court management and the business must complete the plan over its due time.

This plan must detail how much the company will pay back to its creditors, the percentage each creditor can claim, payment lengths, and any purchase contract cancellations. Factors that affect how much the company pays monthly include the company’s financial ability as well as liquidation value and whether the debt is secured. Creditors can decide whether to accept or reject the debtor’s proposed solution.

Coleman Legal Group, LLC handles cases in the following cities and communities: Atlanta, Alpharetta, Roswell, Johns Creek, Milton, Cumming, Marietta, Sandy Springs, Woodstock, Kennesaw, Gainesville, Norcross, Lawrenceville, Midtown, Inman Park, Duluth, Buckhead, Dunwoody, Vinings and Smyrna.

Coleman Legal Group, LLC’s Georgia lawyers practice in the areas of Divorce, Family Law, Bankruptcy, Estates, Wills, Trusts, Sports and Entertainment Law, Immigration and Business Law. We have offices conveniently located at:

Alpharetta Georgia
North Point Park
5755 North Point Parkway
Suite 52
Alpharetta, GA 30022
Phone: 770-408-0477 | Map

Atlanta Georgia
Colony Square
1201 Peachtree Street, 400
Colony Square, Suite 200
Atlanta, GA 30361
Phone: 770-408-0477 | Map

Dunwoody / Sandy Springs
GA 400, Atlanta Georgia

1200 Abernathy Road, Bldg 600
Northpark Town Center
Atlanta, GA 30328
Phone: 770-408-0477 | Map

Cumming Georgia
The Avenue Forsyth
410 Peachtree Parkway
Building 400, Suite 4245
Cumming, GA 30041
Phone: 770-408-0477 | Map

Johns Creek / Duluth Georgia
11555 Medlock Bridge Road
Suite 100
Johns Creek, GA 30097
Phone: 770-609-1247 | Map

Duluth Georgia

2180 Satellite Boulevard
Suite 400
Duluth, GA 30097
Phone: 770-609-1247 | Map

Kennesaw Georgia
TownPark Center

125 TownPark Drive
Suite 300

Kennesaw, GA 30144
Phone: 770-609-1247 | Map

1755 North Brown Road
Suite 200
Lawrenceville, GA 30043
Phone: 770-609-1247 | Map

Copyright © 2016 | Coleman Legal Group, LLC | All Rights Reserved. Coleman Legal Group, LLC • 5755 North Point Parkway, Suite 52 • Alpharetta, GA 30022 • 770-609-1247 DISCLAIMER: The information you obtain at this site is not, nor is it intended to be, legal advice. You should consult an attorney for individual advice regarding your own situation.

Privacy Policy | Site Map | Disclaimer

Danny Coleman on Google+!