Chapter 11 – Individuals

If you are an individual who does not qualify for either a Chapter 7 or a Chapter 13 bankruptcy, you still have options under the law. One of these is Chapter 11 consumer bankruptcy.

Why Choose Chapter 11 Consumer Bankruptcy?

There are a number of reasons to consider Chapter 11 consumer bankruptcy. Some of these include:

  • You do not qualify for Chapter 7 because your income is too high. Further, you do not qualify for chapter 13 because your secured debts exceed $1,010,650 and/or your unsecured debts exceed $336,900. You chose not to file for Chapter 7 because you would lose an asset or assets in a Chapter 7 that you want to keep (like a house, car etc.).
  • It is possible to reschedule payment of secured debts more favorably under a Chapter 11 than under Chapter 13.
  • Like Chapter 13, Chapter 11 is powerful. It can relieve you of debt worries while bringing foreclosure or repossession to a halt.

Serving Woodstock · Canton · Marietta · Smyrna · Vinings · Duluth · Atlanta · Roswell · Kennesaw · Alpharetta

Individual Bankruptcy Lawyer Serving Marietta, Duluth Woodstock And Atlanta

Please contact us at Limbocker Law Firm, LLC, today to schedule a free initial consultation at one of our offices. We have locations in Vinings, Duluth and in Woodstock to better serve our clients. You can reach us by calling 678-401-6836 or by sending us an email.

We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.