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Posts Tagged ‘los angeles chapter 11’

Chapter 11, Not Just for Airlines Anymore

Monday, November 1st, 2010

For a business that is profitable, but cannot meet cash flow obligations, Chapter 11 is a lifesaver.  Essentially, in a Chapter 11, the business continues to operate while putting all its creditors on hold via the automatic stay.  Management proposes a plan to reorganize the company and pay its debts.  The court has the power to modify or cancel contracts and leases to make the plan work.

Some say Chapter 11 gives businesses an unfair advantage because the business continues to compete with other companies while getting a pass on debt, but the long and short is that Chapter 11 retains assets and saves jobs.

Chapter 11 isn’t only for businesses, but can work well for individuals.  Chapter 11 is more complicated and expensive than a Chapter 7 or 13, but there some creative things can be done in an 11 that aren’t available in the other 2 chapters.

If you think Chapter 11 might hold the answer for you or your business, call Doan Law Firm for a free consultation today.

What if I don’t qualify for bankruptcy?

Wednesday, October 27th, 2010

Bankruptcy laws are very specific and there are some people in need of relief that don’t fall into the parameters.  They may have too much cash, have received an inheritance or have too much equity in a home but at the same time have overwhelming business or personal debts.

Doan Law Firm can help those clients negotiate their debt down to pennies on the dollar.  We have a team of professional negotiators able to whittle down the debt to the lowest possible amount.  In addition, our negotiators have a special inducement for the creditors – we are California’s largest family of bankruptcy attorneys and we stand ready to file a bankruptcy in which the creditor will receive nothing.  Pennies on the dollar today is much better than nothing tomorrow.  Even the most thick-headed creditor understands that new math.

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    Laguna Hills Bankruptcy
    25401 Cabot Rd.
    Suite 113
    Laguna Hills, CA 92653
    Call 888-362-6529

    Santa Ana Bankruptcy
    930 West Seventeenth St.
    Suite C
    Santa Ana, CA 92706
    Call 714-795-3536

    Corona Bankruptcy
    1411 Rimpau Ave.
    Suite 108
    Corona, CA 92879
    Call 909-708-4597

    Moreno Valley Bankruptcy
    24490 Sunnymead Blvd.
    Suite 101
    Moreno Valley, CA 92553
    Call 951-579-4756

    Watsonville Bankruptcy
    444 Airport Blvd.
    Suite 109
    Watsonville, CA 95076
    Call 888-362-6529

    Oceanside Bankruptcy
    1930 S Coast Hwy
    Suite 206
    Oceanside, CA 92054
    Call 760-450-3333

    Chula Vista Bankruptcy
    333 H Street
    Suite 5000
    Chula Vista, CA 91910
    Call 619-500-6535

    Escondido Bankruptcy
    320 East 2nd Ave.
    Suite 108
    Escondido, CA 92025
    Call 760-746-4476

    La Mesa Bankruptcy
    4817 Palm Ave.
    Suite I
    La Mesa, CA 91942
    Call 619-462-362

    San Diego Bankruptcy
    185 West F St
    Suite 100
    San Diego, CA 92101
    Call 619-234-3626