The financial affairs of people, especially those who own or have owned their own businesses, have become increasingly complex. While individual cases under Chapter 11 of the Bankruptcy Code represented a distinct minority of Chapter 11 cases until recently, a multitude of factors, including personal guaranty requirements, failed investments, an increase of the population who operate as sole proprietors while managing various interests, and limitations on amounts of secured and unsecured debt that prevent individuals from utilizing Chapter 13 of the Bankruptcy Code to reorganize their affairs, have combined to create a substantial increase in the percentage of Chapter 11 cases that are filed by individuals.
Chapter 11 Bankruptcy Lawyers in Palm Beach
The 2005 amendments to the Bankruptcy Code have specific provisions that apply to individual Chapter 11 cases. Certain aspects of these amendments have led to a substantial amount of litigation in bankruptcy courts throughout the country. There are a number of recent, conflicting decisions of bankruptcy courts addressing issues pertaining to individual Chapter 11 bankruptcy cases that will, in time, serve to refine this somewhat unique aspect of insolvency law.
Through our participation in a number of recent individual Chapter 11 cases (members of the firm first represented creditors in individual Chapter 11 cases approximately 20 years ago), our continued attention to the relevant court decisions pertaining to these issues, and our extensive Chapter 11 experience, we provide individuals who need relief under Chapter 11 with cutting edge knowledge, backed by talent and experience, so that they may reorganize their affairs and move forward with their lives.
Contact Palm Beach Bankruptcy Attorneys at Rosen & Winig, P.A.
For efficient and effective solutions to even the most complex legal challenges, turn to Rosen & Winig, P.A. Our lawyers offer exceptional representation to businesses and individuals. Call 561-459-2613, toll free at 877-268-2933 or simply contact us online to schedule an initial consultation.
