How to Save Your Business’ Assets in a Chapter 11 Bankruptcy

We consulted with a business that was a manufacturing plant that had heavy equipment. The equipment was financed through secured lenders. The company had numerous unsecured trade creditors, as well. Due to the downturn of the economy, the company was unable to keep current in its payments, and a creditor obtained a judgment and was about to execute and take all of the assets of the company.

We consulted with a business that was a manufacturing plant that had heavy equipment. The equipment was financed through secured lenders. The company had numerous unsecured trade creditors, as well. Due to the downturn of the economy, the company was unable to keep current in its payments, and a creditor obtained a judgment and was about to execute and take all of the assets of the company.

We filed a Chapter 11 bankruptcy on an emergency basis and used the protections of the automatic stay to stop the execution of the company’s assets. We were able to re-amortize the secured loans, which enabled the company to retain all of its assets. We also restructured the payments to the unsecured creditors, allowing the company to repay those debts over 5 years.

The company was able to reorganize and continue operating with a new schedule of payments to its creditors.

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       If you are considering filling for bankruptcy , this would be the firm to use! Jonathan is very experienced as well as all of his team, Specially Anne ! They made the process very easy and my case was approved due to their help and expertise! I am very grateful to have had them representing me !
  
 
    
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 2023-09-28
 
 
 
      I highly recommend LSS Law. No complaints. Jonathan, Ann, and Maria were very professional and clear in all our communications, which makes everything really easy.
  
 
    
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 2023-09-05
 
 
 
      Great service. Friendly and helpful staff. Highly recommend.
  
 
    
   Al La 
 2023-03-29
 
 
 
      Jonathan and Anne were wonderful and I thank you for helping me with my new beginning.
  
 
    
   ADRIANNE SURRENCY 
 2023-03-29
 
 
 
      I had a wonderful experience with Jonathan Leiderman at LSS Law. Not only is he well experienced, but he is also very patient and supportive throughout a tough time. I appreciate that he takes such a hands-on approach where there is no going through office staff and waiting for a reply. He deals with you one-on-one, and he is your single point of contact. He takes time to answer all your questions and takes the time to ensure that you understand every aspect. He is highly communicative and does so in a timely manner.... I always got a response within minutes or hours, at the latest 24 hours. I don't know how he does it all, but I am grateful that I had him to represent me! I highly recommend Jonathan and LSS Law!
  
 
    
   Jewel Nicholson 
 2023-02-16
 
 
 
      Jonathan Leiderman did a phenomenal job representing me and taking on my case.  His knowledge, experience, and diligence quickly became apparent through his work product and the correspondence that he maintained with me.  Furthermore, he was always quick to answer my questions and put my mind at ease during the entire process.  Jonathan and LSS Law will forever have my gratitude and I highly recommend their services to anyone who is in need of them.
  
 
    
   Ali 
 2023-02-06
 
 
 
      I am really greatful to attorney Jonathen Leiderman for patiently working with me through a very stressful period of ambivalence, and then towards resolution of a difficult predicament. His professionalism and empathy were exceptional. I would recomend him to all who need similar services.
  
 
    
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 2022-04-04
 
 
 
      Excellent company to work with providing timely advice and guidance.  Went above and beyond in assisting our company with an out of state bankruptcy issue
  
 
    
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 2021-10-08
 
 
 
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 2021-09-13

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Xime Basa

If you are considering filling for bankruptcy , this would be the firm to use! Jonathan is very experienced as well as all of his team, Specially Anne ! They made the process very easy and my case was approved due to their help and expertise! I am very grateful to have had them representing me !

Donald Galindo

I highly recommend LSS Law. No complaints. Jonathan, Ann, and Maria were very professional and clear in all our communications, which makes everything really easy.

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How to Save Your Business’ Assets in a Chapter 11 Bankruptcy

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