Yahoo reports that Chapter 11 bankruptcy filings have increased in recent months. Many businesses have had difficulty working with their existing lenders, and cannot find new lenders willing to help on acceptable terms.
A Chapter 11 bankruptcy can offer relief from creditors, or from onerous contracts.
If you are considering requesting Chapter 11 bankruptcy protection, you should consult with an attorney familiar with Chapter 11 bankruptcies to discuss your options. For a free consultation, call (480) 719-1152.