TChapter 11 bankruptcy is designed for the reorganization of a business but is also available to consumer debtors with very high amounts of debt. The relevant provisions applicable to Chapter 11 cases are quite complicated, too complex in fact to be condensed in a few paragraphs, and any decision by a debtor to file a Chapter 11 should be reviewed with an experienced bankruptcy attorney.
After consulting with our firm, many of our clients express a preference to file for Chapter 7 protection in order that they may get a "fresh start" without the costs, burdens and trustee fees of paying back large debt over many years.
Call us at (703) 548-3900 or contact us online. We are often able to answer questions by telephone or email within 24 hours, and we are always willing to meet with you at our office conveniently located near Tysons Corner Mall in Fairfax County, Virginia.