Reorganizations
can be either within or outside the context of a bankruptcy case.
Outside the context of a bankruptcy case a business or an individual may
try to workout formal agreements with several of its creditors in what
is considered to be a reorganization. Within the context of a bankruptcy
case, a Chapter 11 reorganization case allows a business or an
individual with significant debts and assets to protect itself from its
creditors while it concentrates on reorganizing its affairs. A Chapter
11 reorganization case requires the debtor to offer a plan of
reorganization, which extends, and in some instances, reduces many of
the debtor's obligations. A Chapter 11 reorganization is an involved and
potentially lengthy bankruptcy case and requires special knowledge and
expertise. The Law Office of Ronald D. Weiss, P.C. has represented many
businesses and individuals in Chapter 11 reorganization cases.








