Chapter 11 Bankruptcy

Cleveland Chapter 11 Attorney

Guiding Small Businesses Through Chapter 11 Bankruptcy in Cleveland

At The Romano Law Firm, we have been carefully and strategically guiding small businesses through bankruptcy for more than 17 years. Since 2003, our firm has served hundreds of businesses, like yours, and consistently provided sound, trustworthy legal counsel for businesses facing a wide variety of financial struggles – and we are prepared to do the same for you.

If you are a small business owner and you believe you may be headed for bankruptcy, please contact our firm as soon as possible. (We are also prepared to help individuals who do not qualify for Chapter 13 or Chapter 7 evaluate their eligibility for bankruptcy under Chapter 11.) Bankruptcy of any kind should be a last resort, and you should only file for it after considering your options very carefully. Being experienced Cleveland bankruptcy lawyers, we can walk you through all your options and help you make the best decision in your case.

Contact The Romano Law Firm today by sending us a message or calling our offices at (216) 238-0880.

What Happens When You Declare Bankruptcy Under Chapter 11

When you file for bankruptcy under Chapter 11, the court will assist you in prioritizing and restructuring your business’s financial obligations while your business continues to operate as usual. However, the court may elect to appoint a third-party trustee if your bankruptcy has come about as a result of criminal fraud, obvious administrative ineptitude, or any other form of deception by you or other corporate leaders within your organization.

While your business may continue operating mostly as normal, some of your business decisions will require court approval, such as:

  • Sale, distribution, or reorganization of assets, excluding inventory
  • Entering or voiding a lease
  • Halting or substantially changing business operations
  • Fees associated with obtaining legal representation
  • Obtaining loans or other financing that are set to be disbursed after the point bankruptcy is likely to be complete

How a Reorganization Plan Can Save Your Business

During Chapter 11 bankruptcy, you will be required to submit a reorganization plan to the court, which must preserve the best interests of the parties to whom you are indebted. Your proposed plan must also be fair, equitable, and reasonably likely to succeed. If you fail to submit such a plan, your creditors may attempt to propose a plan instead. If approved by the court and by your creditors (each of whom will vote to approve or reject your plan), this agreement functions as a contract between you and your creditors regarding how you will pay off your debts in the future.

A reorganization plan that meets the court’s requirements will allow you to keep your business intact and remedy your financial difficulties without shutting down your daily operations. In order to propose such a plan and increase your likelihood of success, you must bring in an experienced Cleveland bankruptcy attorney to help you.

Call (216) 238-0880 to speak to Joe Romano, Cleveland bankruptcy lawyer, and schedule your free, no-obligation consultation as soon as possible.

Our Clients Matter Most

Client Testimonials
  • No regrets!

    “He was so interested to listen to my concerns and ever more on helping me figure and fix things out! Truly the perfect bankruptcy attorney to fill your needs!”

    - Yho V.
  • Joe Romano did a great job for me.

    “He's knowledgeable, he's diligent, and he fought hard for me. I wouldn't hesitate to recommend him to anyone who needs legal help.”

    - Zeke R.
  • Extremely professional and prompt.

    “Mr. Romano was extremely professional and prompt in helping to resolve my matter. I am very grateful to have stumbled upon his services while browsing for representation on the internet.”

    - Jeff M.
  • Mr. Romano has worked with my family on several matters.

    “We have worked with him for over 7 years now and he comes highly recommended.”

    - Paula G.
  • What a great lawyer!

    “Joseph saved me tens of thousands with my bankruptcy. I wouldn't hesitate to recommend him to anyone.”

    - Kristina B.
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Results That Prove Themselves

Notable Cases
  • Successful Judgment Dawson v. J&B Detail

    Court determination that "On-Time Pay System" (kill-switch) is an attempt to collect a debt and must be removed from a vehicle upon the filing of a Ch. 13 bankruptcy)

  • Successful Defense Jennings v. Bodrick

    Creditor argued that debtor was in on a Nigerian scam to invest in the international sale of auto parts.

  • Successful Defense Thomas v. Kuhn

    Successful defense of a title company in a trustee's efforts to invalidate a mortgage and take property of debtor for benefit of creditors of the debtor.

  • Successful Defense Rhiel v. Seye (In re Kebe)

    Represented the 3rd party co-owner of property, showing that value of property to Seye outweighed the value of the property to the creditors of the debtor's bankruptcy estate.

  • First Circuit Court Level Decision In re Davis

    Sixth Circuit found that debtor's filing Chapter 13 bankruptcy are permitted to continue deductions made from payroll into retirement in the Means Test and can continue to fund the retirement plan throughout the life of the chapter 13 plan provided the debtor was doing so prior to the filing of the Chapter 13.

  • Successful Appeal In re DeVito

    When a Ch. 13 plan is filed it becomes the plan, superseding all previously filed plans. Court was wrong to dismiss case based on the non-confirmability of a chapter 13 plan that had been amended

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A Promise to Our Clients

What You Can Expect
  • Free Consultations

    Whether it's in person or through phone or video, your first initial consultation with us is free!

  • Results-Driven Legal Strategies

    With a strategy put in place after evaluating your case, Attorney Joe Romano can get you the results you need.

  • Direct Access

    When you call our office, don't expect to be passed around. You will get direct access to our attorney to speak about your case.

  • Knowledge & Experience

    With nearly two decades of experience, Attorney Joe Romano is equipped with the knowledge to handle the toughest of bankruptcy cases.

Ready to Take the First Step?

Our team is ready to help you get started with your bankruptcy matter. Request a free consultation today to discuss your case.