Experienced Crown Point Business Bankruptcy Attorneys

Substantial Help With Chapter 11 Reorganization In Lake County

In our many decades of practice, Manning & Mouratides, P.C., has seen the stress that financial problems cause. We know how to help you breathe easier.

When an individual or a business needs debt relief, there is no substitute for experienced Chapter 11 attorneys in Crown Point. Attorneys at our firm provide solid solutions to ease the transition through difficult financial times. For many years, Kenneth A. Manning has helped clients sort out difficult and complex business debt situations in Northwest Indiana. He is trusted by clients, who gladly recommend his services, and is respected for his resourcefulness and commitment to protecting clients' rights and property.

Crown Point Chapter 11 Attorneys Explain The Process

Chapter 11 bankruptcy, also known as a reorganizational bankruptcy, is most often chosen by businesses and partnerships. Its reorganization provision is much more flexible than other types of bankruptcy, but it is often more costly. In general:

  • The debtor remains in possession of assets and continues business operations under court supervision
  • The debtor in possession must submit detailed monthly reports and negotiate with creditors to build consensus on a reorganization plan, so that the debtor company can emerge from the bankruptcy
  • When the company is insolvent, the debtor in possession also owes a fiduciary duty to the company's creditors and its shareholders
  • The U.S. Trustee generally appoints a creditor committee comprised of the debtor's seven largest unsecured debtors
  • The creditor committee acts as a fiduciary to all other unsecured creditors, consults with the debtor, may investigate the debtor's conduct and operation of the business and plays a role in formulating and approving the reorganization plan

If your business is in financial trouble or you are contemplating bankruptcy, it is vital that you speak to one of our business bankruptcy lawyers in Crown Point. We know your options under federal bankruptcy laws. Our firm also handles Chapter 7 and Chapter 13 bankruptcies.

For more information, please see our Frequently Asked Questions About Bankruptcy.

Lake County, IN Chapter 11 Attorneys You Can Trust. It Is That Simple.

Contact Manning & Mouratides, P.C., online or at 219-865-8376 to capitalize on our Crown Point Chapter 11 lawyers' unwavering work ethic and decades of experience.

We are dedicated to providing the best legal representation to clients in Crown Point and all of Northwest Indiana.

We are a debt relief agency providing assistance in bankruptcy matters.