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Chapter 11 Bankruptcy Helping Small Businesses and Individuals Eliminate Debt

White Plains Chapter 11 Bankruptcy Lawyers

Experienced Representation for Individuals & Small Businesses in NY

Chapter 11 bankruptcy is a debt reorganization process that is most often used by businesses that want to remain in operation while repaying their creditors. It can also benefit individuals who don’t qualify for other chapters or who need certain protections Chapter 11 offers. Overall, Chapter 11 is more expensive and complex than other types of bankruptcy, but it can offer significant advantages if you qualify.

If you or your business are drowning in debt, it is vital for you to gain an understanding of your bankruptcy options. With qualified guidance, you may be able to use Chapter 11 bankruptcy to reduce dischargeable debt, get creditors and collection agencies off your back, and move forward into the future with a clean slate. At the Law Office of Charles A. Higgs, we have devoted more than a decade to helping people and businesses accomplish these goals in White Plains and surrounding areas. You deserve our level of experience, extensive knowledge of bankruptcy law, and involvement in your case from start to finish.


Need debt relief? Talk to one of our White Plains Chapter 11 bankruptcy attorneys at (917) 791-2151. Your initial consultation is complimentary.


What Is a Chapter 11 Bankruptcy?

Chapter 11 involves a reorganization of debt. As a business owner, you can use this type of bankruptcy to:

  • Continue operating your business
  • Stop pending lawsuits and collection actions
  • Reduce and restructure debt, potentially over the objections of your creditors
  • Catch up on rent and other bills
  • Avoid liquidating certain assets

Once the filing takes place, creditors can no longer attempt to collect your debt because of the automatic stay. This is an order issued by the bankruptcy court that freezes all collection actions.

After you file, you will have four months to create a reorganization plan, which will show how you will continue business operations while meeting your financial obligations. In some cases, large businesses may be allowed up to 18 months to create such a plan.

The plan may include:

  • Reducing expenses by downsizing
  • Selling certain assets
  • Modifying loans or mortgages, such as extending the terms or reducing the interest rate

The plan will also categorize each of your creditors into a certain class, such as unsecured, secured, and priority. In most cases, creditors are allowed to vote on the plan in order for it to be approved by the bankruptcy court.

Chapter 11 for Small Businesses

If you are a qualifying small business, you may be able to take advantage of Subchapter V under the Small Business Reorganization Act. This is a streamlined version of Chapter 11 bankruptcy that offers several advantages to businesses that owe less than $2,725,625. Our founding attorney, in fact, was the first to file a Subchapter V case for a small business in the Southern District of New York. If you qualify for this version of bankruptcy, we are fully prepared to assist.

Personal Chapter 11 Bankruptcy

Chapter 11 may be beneficial for individuals who do not qualify for Chapter 13 or who do not wish to lose assets through Chapter 7. Unlike Chapter 13, Chapter 11 does not limit the amount of debt you can owe. Some of the people who benefit most from Chapter 11 are celebrities, professional athletes, and real estate investors.

Unsure whether a Chapter 11 filing could work for you? Call the Law Office of Charles A. Higgs at (917) 791-2151 or contact us online today.

Meet Our Experienced 
& Dedicated Attorneys

See What our Clients Have to Say 

Real Stories From Real People 
  • “Mr. Higgs followed my case from start to finish and did an excellent job.”

    - Beth
  • “He was able to walk me through this process so I could put my debt issues behind me.”

    - Former Client
  • “Mr. Higgs took the time and energy to understand every nuance, proposed alternative strategies, and in a single day.”

    - John

What Sets Us Apart?

  • Customer Care

    Clients can expect quick response times, transparent communication, a receptive listener, and straightforward counsel.

  • Experience

    We have over a decade of experience in handling bankruptcy filings. 

  • Free Consultation

    We offer free consultations to those who are interested in filing with us.

  • Guidance

    We take the time to walk you through the process, step by step.

  • Highly Skilled

    We are highly knowledgeable in all facets of bankruptcy law.

Ready to Get Started?

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