Everything is great - you have a beautiful family, the house you always wanted, a career you love, a nice car, designer clothes, expensive jewelry and the country club membership. You never dreamed you'd be this happy. Then the unthinkable happens: your company downsizes and you lose your job; and then you find out your spouse has run off with someone younger and filed for divorce. You're losing everything all at once! What do you do? Is bankruptcy an option to keep the creditors at bay? You need to find a lawyer who specializes in Chapter 11 bankruptcy Savannah GA.
Chapter 11 bankruptcy is used most often by businesses, but can be useful to some individuals and small business owners who don't qualify for Chapter 13. Chapter 11 offers a reorganization of debts that can be repaid over time. Depending upon the size of the bankruptcy, it can take a period of time from a few months to a few years to emerge from it.