Chapter 11 of the United States Bankruptcy Code offers business debtors, and certain individual debtors, the opportunity to restructure their finances, reduce their obligations, and modify terms of payment. For businesses owned by a corporation, limited liability company, or partnership, Chapter 11 is the only bankruptcy option that allows for restructuring and continued operation of a business as a going concern.
Few law firms have the experience with the less common, and more complex Chapter 11 cases that Crane, Simon, Clar & Goodman has been handling for decades. We represent all types of businesses and individual Chapter 11 debtors, as well as trustees and creditors' committees in Chapter 11 matters.
Crane Simon has been a fixture in the Chicago legal landscape for over 40 years. We offer our business and individual clients the sophisticated legal knowledge and depth of experience that is typically available only at much larger firms, along with the personal attention for which small boutique firms are known.
Chapter 11 bankruptcy is not merely a supplement to our primary bankruptcy practice, but a central part of our practice. Crane Simon assists individuals and businesses with every aspect of Chapter 11 cases, including:
Chapter 11 is only one of a number of options for businesses in financial distress. Crane Simon offers extensive experience in business and commercial litigation, insolvency and workouts, and Chapter 7 and Chapter 13 bankruptcy. We are committed to assisting clients identify and implement whatever legal options will best suit their corporate and personal financial needs.
Crane Simon's attorneys have well over two centuries of collective experience in debt resolution and bankruptcy law, including Chapter 11 bankruptcy. Our team includes current bankruptcy trustees, a past President of the National Association of Bankruptcy Trustees, and several frequent writers and lecturers on bankruptcy and related topics. We invite you to contact Crane Simon to learn more about our team, our experience, and our services.