Foreclosures have recently increased again. Individuals who are facing the loss of their home may be able to come current on their mortgage in a bankruptcy reorganization. Those whose debts exceed Chapter 13 limits may want to consider a Chapter 11 bankruptcy.
Similarly, both individuals and businesses with investment property at risk may be able to reduce and modify their secured debt in a Chapter 11 bankruptcy.
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.