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Hayward Chapter 11 Bankruptcy Lawyer

While bankruptcy offers the opportunity to renew the financial health of yourself or your business, there are also numerous complications that can arise throughout the process. If you are considering filing for bankruptcy, you likely have a number of questions about the process. Reach out to an experienced Hayward chapter 11 bankruptcy attorney today for help in deciding which type of bankruptcy is right for you. The following is some important basic information about Chapter 11 bankruptcy, a popular form of bankruptcy for business owners.

What is Chapter 11 Bankruptcy?

After an business owner files for Chapter 11 bankruptcy, he or she has 120 days in which to submit a plan of reorganization to a court of law. These bankruptcy plans include details about how he or she intends to restructure the business debt and additional information including adjustment to interest rates, debt relief, and repayment extensions. This plan must then be approved by the majority of a person’s creditors and confirmed by the bankruptcy court.

When Reorganization Plans are Rejected

Unfortunately, not all creditors accept all reorganization plans. Some of the most common reasons why creditors object to reorganization plans include the following:

  • The person filing bankruptcy does not meet Chapter 11 requirements
  • There are a lack of financial projections to determine a plan’s success

If a person is unable to come to an agreement with creditors about a reorganization plan, a rejected plan can still be approved by a bankruptcy court provided the plan is determined to be fair, equitable, and not discriminatory.

Confirmation of Chapter 11 Reorganization Plans

After a reorganization plan is confirmed, a business will be discharged from all debts that are filed in a bankruptcy plan. Once confirmation occurs, a person’s property is generally considered free of any encumbrances and liens. It is critical that both the person filing for bankruptcy as well as creditors follow any repayment conditions.

The Benefits of Chapter 11 Bankruptcy

The primary goal of a Chapter 11 bankruptcy filing is to reorganize a person’s debt. As a result, a well-developed reorganization plan is critical. There are also several other advantages that people realize as a result of the Chapter bankruptcy process:

  • Automatic stay judgments that are issued when a person files for bankruptcy offer the opportunity to avoid harassment from creditors who might otherwise contact the debtor at work or at home
  • Business owners are allowed to continue operations as they pay off debts
  • Chapter 11 bankruptcy offers the opportunity to restructure secured debts when payments can be lowered and spread out over a long period of time

Speak with an Experienced Hayward Chapter 11 Bankruptcy Attorney

If you live in Hayward or the surrounding area and are interested in filing for Chapter 11 bankruptcy, selecting an attorney who understands the process can help make sure that matters resolve quickly and successfully. At the Law Offices of Melanie Travare, we are prepared to help you navigate the Chapter 11 process. Having us on your side ensures that you have the best opportunity possible to rebuild your credit score. Contact us today to schedule a free case evaluation.

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"Melanie is the best she very responsive and helpful throughout the process everything was taken care of smoothly. If you are thinking of going through bankruptcy she is the best attorney for you. I will forever be grateful having the chance to work with her. She is very honest too."


"I can't thank Melanie enough for helping me through a challenging process and doing so with incredible knowledge, professionalism and tenacity! She went to great lengths to keep me informed, she responded quickly to my questions, and communicated in terms that I could understand. I highly recommend getting in touch with Melanie should you have the need."


"Choosing to work with Atty. Melanie has been one of the best decisions I've ever made. She was a very patient professional to work with and attentive while providing valuable solutions to all of my concerns. If you are searching for of an Attorney who is knowledgeable, transparent, and diligent - well that's Atty. Melanie."


"What I liked about working with Melanie was how prompt and easy to work with she was. She made the process clear and understandable with as little stress as possible. I would work with her again and recommend her to others."