Business Practice

Chapter 11 Debtors

At The Tracy Law Group, we represent a range of business and individual debtors in Chapter 11 cases.

We believe in the value of the Chapter 11 reorganization process in the right circumstances, where the fundamental business of the debtor is sound and a fresh start is needed.  Because Chapter 11 is expensive, not every business in trouble will warrant going through the process.  Chapter 11 bankruptcy operates to give the debtor breathing space to formulate and execute a business plan, with a variety of alternatives to utilize in formulating a plan, from sale of assets to reorganization or recapitalization.  We view our role as one of the legs of a tripod, working in collaboration with our client and financial professionals to add our legal knowledge and experience. 

If you are seeking representation, we will first meet with you to talk about the background of your business, the problems that have caused you to seek the assistance of a bankruptcy lawyer, and your financial assets, liabilities and cash flow.  Once we have a preliminary understanding of your business, we can make recommendations about how to proceed and whether Chapter 11 is a good option.  If you decide to file a petition, we help you prepare the necessary documentation and work with your financial institution to address financing needs.  Throughout a Chapter 11 case, we work with your business and the financial professionals to utilize the Chapter 11 process and its incorporated advantages for debtors in dealing with your creditors, vendors, customers, employees and any other stakeholders.  Ultimately, we aim for a plan of reorganization that can return your business to sustainable operations.