Sheehan & Associates, P.L.C.

November 2016 Archives

Chapter 11 bankruptcy: What is it?

What is a Chapter 11 bankruptcy? Chapter 11 bankruptcy is a tool that is used most often by business owners when their business is drowning in debt and needs relief. This bankruptcy allows a business to reorganize and repay debt, while still conducting business as usual. The reorganization is very structured and must be approved and monitored by the bankruptcy court.

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Sheehan & Associates, P.L.C.
1460 Walton Blvd , Suite 102
Rochester Hills, MI 48309

Toll Free: 877-600-7891
Phone: 248-218-1473
Fax: 248-650-5368
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