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Businesses in the Twin Cities often face financial challenges that require strong legal guidance. Chapter 11 bankruptcy gives you the ability to restructure debts while continuing to operate. With our help, you can protect your business, reorganize your finances, and create a plan that allows for long-term stability.
Chapter 11, also called reorganization bankruptcy, differs from Chapter 7 liquidation. Instead of shutting down, you keep your doors open and create a repayment plan over time. This option helps preserve jobs, maintain customer relationships, and protect assets.
Our work in the Twin Cities includes:
Most business entities can file for Chapter 11, including corporations, partnerships, and sole proprietorships. To qualify, you must show both the need for reorganization and the ability to propose a workable plan.
The petition process includes:
We prepare and file all documents, represent you in hearings, and negotiate with creditors to protect your interests.
Chapter 11 can begin in two ways:
Selecting the right lawyer is one of the most important steps in a Chapter 11 case. When you choose us, you gain:
We also provide free consultations so you can understand your legal options without added expense.
Chapter 11 serves a broad range of businesses. We frequently assist:
This process helps protect jobs, sustain operations, and restructure obligations in a manageable way.
When you file as a corporation, LLC, or partnership, you must show the court that your business can survive and recover. This means submitting a financial plan that demonstrates both repayment and future profitability.
Our role includes:
Your reorganization plan acts as the roadmap for recovery. It outlines how you will manage cash flow, restructure debt, and protect assets. The court and creditors must approve this plan.
Key parts of a repayment strategy include:
We prepare your plan with full attention to detail so that it meets legal standards and supports your long-term success.
We build your plan through a careful financial review. Steps include:
Our goal is to design a plan that creditors will approve while keeping your business strong.
Debt restructuring is central to Chapter 11. We help by:
This process reduces financial pressure and creates space for growth.
Outstanding, absolutely outstanding. . . My only regret is that I did not pursue representation for my case sooner. I cannot speak highly enough of this firm and their services.
Outstanding, absolutely outstanding. . . My only regret is that I did not pursue representation for my case sooner. I cannot speak highly enough of this firm and their services.
Outstanding, absolutely outstanding. . . My only regret is that I did not pursue representation for my case sooner. I cannot speak highly enough of this firm and their services.
Creditors hold significant power in Chapter 11 cases. They must review and approve your reorganization plan.
We assist by:
Once your plan is submitted, creditors vote on whether to accept it. They can object if they believe the terms are unfair or unrealistic. We respond by negotiating modifications and advocating for your interests in court.
Chapter 11 cases involve unique rules. One key issue is the “debtor in possession” status, which allows you to run your business while reorganizing. You must meet strict requirements, including accurate accounting and court-approved budgets.
We guide you through these responsibilities and help you make changes in management practices when needed.
A case may be dismissed if the court finds poor management or noncompliance with orders. We reduce this risk by advising on best practices and providing oversight.
We also help manage liabilities by:
Proper asset management helps keep your business stable during bankruptcy. We identify which assets are vital and protect them from creditor claims.
We also restructure liabilities so they align with your repayment plan and future goals.
Accurate valuation of assets is vital to creating a feasible plan. We work with experts to ensure fair assessments and protect property essential for ongoing operations.
We bring local insight to every case. With our Twin Cities presence, we understand both Minnesota law and federal bankruptcy rules. We tailor each strategy to reflect regional industries and economic conditions.
By choosing our law office, you gain:
We provide end-to-end legal support for Chapter 11 cases. This includes filing petitions, drafting plans, representing you in hearings, and managing communications with creditors. Our attorneys guide you through each step with clear advice and strong advocacy.
If your business faces financial pressure, we can help you restructure and move forward. Call our Twin Cities Chapter 11 lawyers today to schedule a free consultation. We will review your case, explain your options, and help you take the first step toward recovery. Contact Kain + Henehan by calling (612) 438-8006 or filling out the online form to discuss your case during a free consultation.