Chapter 11 Bankruptcy Attorney in Encino
Unlocking Financial Freedom with Our Dedicated Legal Services
At RHM LAW LLP, we understand the complexities and challenges of navigating Chapter 11 bankruptcy. Based in Los Angeles, we offer specialized services for residents and businesses in Encino, CA, who need legal assistance to restructure their debts and emerge stronger. Our team’s deep knowledge of both federal and California-specific bankruptcy laws allows us to provide customized solutions that address the unique aspects of your financial situation.
Engaging with the Chapter 11 process can feel daunting, but with over 20 years of experience, our dedicated bankruptcy team is committed to providing a personalized approach that fits your unique financial needs. We ensure that every client receives individual attention and an understanding of the local guidelines specific to Encino, which often influence proceedings. This personal touch is what helps us guide our clients smoothly through the intricacies of bankruptcy, ensuring they can focus on rebuilding their futures free from financial distress.
Don’t wait to address your legal needs—connect with a skilled Chapter 11 bankruptcy lawyer. Call (213) 344-0043 or get in touch with us for a 30-minute complimentary consultation. Se habla Español.
Comprehensive Chapter 11 Bankruptcy Services
Chapter 11 bankruptcy is designed to help businesses and individuals reorganize their debts while continuing operations. Unlike other types of bankruptcy that could halt operations, Chapter 11 allows you to continue your business, giving you the space and time necessary to redefine your financial pathways. Our approach at RHM LAW LLP is to provide a detailed analysis of all economic aspects of your business, offering insights to optimize performance and mitigate future financial risks.
Our services include guidance on capital restructuring, asset management, and improving cash flow. We employ strategies to help preserve your business’s value and leverage opportunities to strengthen your organizational framework. This comprehensive support underscores our commitment to not only addressing your immediate financial challenges but also setting a foundation for long-term stability and growth.
Why Choose RHM LAW LLP for Chapter 11 Bankruptcy?
Our legal team has over 7,500 cases filed or overseen, illustrating our ability to handle even the most complex bankruptcy challenges. What truly distinguishes us in the bankruptcy field is our holistic client care that spans across financial advisory and emotional support. Financial turmoil often comes with stress on personal and professional fronts; hence, we ensure our clients feel heard and supported throughout the process.
- Extensive Experience: Over two decades in bankruptcy law.
- Multilingual Support: Consultations available in English, Spanish, and Farsi.
- Same-Day Consultations: Quick and flexible scheduling, including video consultations.
We pride ourselves on maintaining transparent communication, ensuring you are always informed about your case’s progression. Our interface is structured to deliver real-time updates, reflections, and adaptations pertinent to your case development. These elements are a testament to our commitment to being your partner in overcoming financial difficulties with proficient, compassionate care.
The Chapter 11 Process: What to Expect with a Bankruptcy Lawyer in Encino
Filing for Chapter 11 bankruptcy involves several key steps that can significantly impact the outcome of your financial restructuring. At RHM LAW LLP, we begin with a detailed review of your current financial state to identify the most strategic path forward. Understanding the balance between your assets and liabilities helps us craft an approach that aligns with your long-term goals. We evaluate risks within the context of Encino’s unique market conditions, offering solutions that enhance the odds of successful reorganization.
Once your financial landscape has been assessed, we draft and submit a comprehensive reorganization plan to the court. This plan outlines how your debts will be managed and settled over time. Our team's approach is to ensure efficiency while handling court dealings, leveraging our familiarity with local judges and procedural expectations. Whether it’s attending creditor meetings or presenting the reorganization plan, we’re committed to advocating effectively on your behalf to secure a feasible and sustainable financial outlook.
With our guidance, you’ll navigate these steps confidently and efficiently, focusing on a return to financial stability.
Act fast to connect with an experienced Chapter 11 bankruptcy attorney. Dial (213) 344-0043 or use our online form to begin right away.
Frequently Asked Questions
What is Chapter 11 Bankruptcy?
Chapter 11 bankruptcy is often referred to as a “reorganization” bankruptcy. It is primarily used by businesses, including corporations and partnerships, but it can also be used by individuals whose debts exceed the limits of Chapter 13 bankruptcy. The goal of Chapter 11 is to reorganize a debtor's obligations so they can continue their operations while paying off their debts over time. Typically, a debtor remains in control of their operations and is referred to as a “debtor-in-possession.” This restructuring allows businesses to maintain their operations and employees while working on improving their financial situation.
How Does Chapter 11 Bankruptcy Work?
In Encino, Chapter 11 bankruptcy follows federal rules but also requires adherence to specific California regulations and regional practices. Your case will be handled through the local bankruptcy court, and we ensure compliance with all state-specific laws. Navigating these regulations requires a keen understanding of the broader financial landscape, and that’s where our skills come into play. We closely monitor local economic trends, factoring them into your case strategy to maximize the likelihood of a positive outcome.
Our familiarity with local courts helps us streamline the process, leveraging our relationships to your advantage. Regular interaction with local court systems enhances our ability to achieve successful outcomes efficiently. These connections, built over years, position us to anticipate challenges and capitalize on opportunities that may arise during proceedings.
How Does Filing for Chapter 11 Protect My Business?
Filing for Chapter 11 can provide immediate relief from creditors through an automatic stay, halting collections and lawsuits. This reprieve allows your business to breathe and plan strategically without pressure from creditors. Our team negotiates on your behalf, often preventing asset liquidation and allowing you to continue business operations. Chapter 11 provides opportunities for your business to renegotiate contracts, such as leases and supplier agreements, on more favorable terms, providing the flexibility needed to stabilize operations.
Our goal is to develop a manageable repayment plan tailored to your circumstances, facilitating your path back to profitability. We work to identify core business operations that can be enhanced to improve cash flow and market positioning. These strategic decisions are vital for long-term viability, driving your business toward a sustainable recovery.
What Are the Risks of Chapter 11 Bankruptcy?
While Chapter 11 offers many benefits, it carries certain risks such as potentially prolonged court proceedings, high administrative expenses, and the challenge of negotiating with creditors. Additionally, if the court does not approve the reorganization plan, converting to a Chapter 7 liquidation could be a possibility. However, at RHM LAW LLP, we help manage these risks through our proficiency and proactive management of your case, ensuring timely filings and strategic negotiations. Our nuanced understanding of Encino’s business dynamics allows us to navigate these challenges effectively.
Our goal is to manage these risks head-on, emphasizing transparency and clear communication throughout the process. We provide constant updates and outlines of potential scenarios so you are prepared for any outcomes. This assurance is essential, as it keeps you informed and engaged with each step of your bankruptcy journey.
Can Individuals File for Chapter 11 Bankruptcy?
Yes, individuals can file for Chapter 11 bankruptcy. This option is suitable for those whose debt level exceeds the Chapter 13 limits. The individual, like a business, can reorganize debts under the supervision of the bankruptcy court. For individuals, restructuring might involve renegotiating terms on personal real estate holdings or reducing unsecured debt loads. By working closely with our team, individuals can receive guidance tailored to protect their assets while managing their debt obligations.
With skilled guidance, individuals can manage and repay their debts without losing all their assets, providing a sustainable path to financial recovery. This nuanced approach offers the debtor an opportunity to regain financial control and secure future stability, essential to maintaining a quality life post-bankruptcy.
Take Control of Your Financial Future Now with a Chapter 11 Bankruptcy Attorney Near You
If you’re facing financial hardships, expert help from RHM LAW LLP can guide you to a brighter future. We’re here to help unravel the complexities of Chapter 11 bankruptcy for businesses and individuals in Encino, CA. With our compassionate approach and vast experience, expect personalized solutions that aim to relieve your financial stress.
Taking the first step may seem intimidating, but remember that with our help, you’re not alone. Our skills and commitment to personalized service help pave the way for financial recovery. Contact us at (213) 344-0043 for a risk-free consultation, where we aim to address immediate concerns and explore solutions tailored to your needs. Our team is eager to assist you in navigating the path to financial stability and peace of mind. Let’s work together to secure your financial freedom.
For dedicated legal assistance, connect with our qualified Chapter 11 bankruptcy lawyer in Encino. Dial (213) 344-0043 or use our online form to arrange your consultation right away.
RHM LAW LLP
Meet Our Los Angeles Bankruptcy Specialists
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M. Jonathan Hayes Senior Counsel -
Matt D. Resnik | Partner Partner
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Roksana D. Moradi-Brovia | Partner Partner
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Russell J. Stong III | Associate Attorney Senior Associate Attorney, Los Angeles Office
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W. Sloan Youkstetter | Associate Attorney Senior Associate Attorney, Los Angeles Office
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David M. Kritzer Senior Associate Attorney, Encino Office
Client Reviews
What Clients Say About Working With Us
Serving Encino, CA Since 2018
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"Matt and his staff conducted themselves with professionalism throughout the whole ordeal."I worked with Matt and his team for about a year to get through the paperwork shuffle and my personal experience was nothing short of fantastic. Legal situations have a tendency to get hairy, but Matt and his staff conducted themselves with professionalism throughout the whole ordeal. To keep it short, let's just say he under-promised and over-delivered. Rarely would I ever say this about an attorney, but overall he was just a great guy. I would not hesitate to have him on my side of the courtroom again. World market is right across the street from his office and I even decided to get his staff a thank you / holiday gift card. World market has excellent craft beer BTW, try the Einstock White Ale. They also validate parking. That just shows this isn't a fake review.- Dean C.
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"He negotiated on my behalf with a credit card company and was able to settle with them for much lower than I could have on my own."I worked with David Kritzer at this firm, and he was great. He negotiated on my behalf with a credit card company and was able to settle with them for much lower than I could have on my own thanks to his knowledge and expertise in the field. If you have a debtor on your back go to him to get it taken care of.- Kelly S.
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"As the dank blanket of economic uncertainty continues to depress the hopes of many of us, I keep your business cards and number available for others."This is to thank you for the exceptional work of you and your fine staff. In managing my bankruptcy and loan modification, a nearly five-year effort, your performance was stellar. I never felt alone or adrift, key concerns in those circumstances. The outcome was outstanding. As the dank blanket of economic uncertainty continues to depress the hopes of many of us, I keep your business cards and number available for others. Without hyperbole, I can attest that you are present a beacon. Thank you so much.- K.C.
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"I cannot thank them enough for helping save my home. I would recommend them for anyone that is thinking about filing for bankruptcy or foreclosure on their home."I needed a bankruptcy attorney in Sherman Oaks and found Matt Resnik on Google. He has one of the best-reviewed bankruptcy law firms on Yelp so I decided to check it out his law firm for myself. I quickly found out that they are foreclosure specialists and they could help me with my issue. They made the process very easy for me and laid out my options for me. I cannot thank them enough for helping save my home. I would recommend them for anyone that is thinking about filing for bankruptcy or foreclosure on their home. They are the best bankruptcy law firm in Sherman Oaks.- Joseph R.
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"He not only saved my house but also got rid of all my debt. They are not your typical attorneys and their creativity really allowed me to do things that other attorneys never mentioned in previous consults."Fantastic office! I want to thank Matt for taking his time with me and sincere in his assistance. He spent over an hour with me for free during our initial consult. I left knowing exactly what's needed. He not only saved my house but also got rid of all my debt. They are not your typical attorneys and their creativity really allowed me to do things that other attorneys never mentioned in previous consults. Affordable and Outstanding firm and thank you for all you have done! My family thanks you!- David K.
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"These are top-notch pros that'll have your back. I cannot recommend them highly enough."Where to begin? I had a vile evil credit union repo my car over a misunderstanding, they wouldn't work with me even when I offered full payment plus repo fees (this was my first repo!) so I didn't know what to do. I met with a few lawyers but when I met with Simon he broke things down and gave me my options. I needed a car - so I filed BK and included the car to get it back. The evil credit union fought and Simon GOT ME MY CAR BACK!!! His team is amazing!!!! Maria Donna etc!!! These are top-notch pros that'll have your back. I cannot recommend them highly enough. Sincerely they saved my life. LA with no car!? ARGH!!!!!! *THANX ALL!!!!- Tim C.
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"He made me feel like I had options, all was not lost, and I could rebuild my credit."Matt is the best bankruptcy attorney in Sherman Oaks. I consulted with Matt over a chapter 7 bankruptcy. I had issues with overwhelming credit card debt after Chase increased it's APR for no reason. It set off a chain of events that were really hurting me. He made me feel like I had options, all was not lost, and I could rebuild my credit after the 7. I had some concerns about a piece of property I was having issues with and Matt also turned out to be a real estate lawyer as well! I recommend this office to anyone who is unsure of their financial situation. It doesn't hurt to find out your options.- Max B.
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"Was very impressed with the comprehensive professionalism of the firm..."
Was very impressed with the comprehensive professionalism of the firm, especially Matthew Resnik... I had suffered through the incompetence of two previous bk lawyers not to mention fees far greater than anticipated, without resolution. Having never gone through bk before, I did not realize how difficult it could be...then, my case was turned over to Mr. Resnik...almost immediately there was a marked positive difference. Where there was little to no communication, all of a sudden I am getting updates...regularly. Further, my case was finally discharged...yet, Mr. Resnik continues to communicate, offer assistance...and, has NEVER asked for additional fees, which I am sure he could have justified...much unlike the two previous attorneys with which I was dealing. I have no reservations, whatsoever, referring and recommending Matthew Resnik for any and all business or personal bk issues...or, other wise. I have no doubt that he will be transparent on helping you regardless of the problem. Good guy.. good firm... a wonderful experience!
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"I filed bankruptcy with this firm 3 years ago and found that they are professional, friendly, and compassionate."I filed bankruptcy with this firm 3 years ago and found that they are professional, friendly, and compassionate. I also met with their loan modification department. Unfortunately, they were unable to help because of the type of loan that I have. I really appreciated that they did not lie, waste my time, or take my money in an attempt to modify a loan that was not doable. I've since used their firm for a couple of minor issues and found all of the attorneys to be knowledgeable and considerate. Attorneys Simon and Resnik are amazing!- Shannon J.
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A Summary of Bankruptcy Law: Third Edition
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Summary of Chapter 13
