Businesses, corporations and partnerships in the Seattle area carrying huge debt loads and struggling to pay their bills may be eligible to find relief by filing Chapter 11 bankruptcy. This method of filing provides businesses or individuals with more time to pay off their debts; in some cases up to six years to pay state and federal back taxes.

Engel Law Group is home to debt relief attorneys who are familiar with all forms of bankruptcy, and can guide you through the necessary steps for successfully filing for Chapter 11.

Our legal team knows that you’ve spent your life working on your business, spending time and money to make it something of your own. Losing it because of harsh financial times and an unforgiving economy isn’t what you want.  Your bankruptcy and collections defense lawyer will protect you from your creditors so you can restructure your business and become profitable once again.

Another benefit of Chapter 11 serves is to provide protection from creditors, this gives a business breathing room to reduce overhead expenses and increase profits – without having to deal with debtors, threats of lawsuits and legal letters that consume so much of a business day.

Under Chapter 11, a business can become financially viable to the point where it can begin to pay back debt. After that has begun, the next step is positive financial growth and a clean credit slate.