Chapter 11 Bankruptcy Lawyer - Los Angeles. Law Offices of Robert K. Lee, Esq. A State Bar Certified Bankruptcy Specialist

    LOS ANGELES, CA, March 23, 2012 /24-7PressRelease/ -- Law Offices of Robert K. Lee successfully reorganizes a single asset real estate case in federal bankruptcy court. He is a State Bar Certified Chapter 11 bankruptcy Specialist Los Angeles bankruptcy lawyer. The specific terms are yet to be disclosed, but the interest rate and payments will be significantly lower and enable the owner of the commercial building to reorganize and keep the building in spite of insurmountable delinquent payments.

Do you have a similar situation? We can help call [888] 777-0839 Ext 505 or visit our website for more details:
http://californiabankruptcylawyer.biz/2011/10/california-chapter-11/

Background on How Chapter 11 Works

A case filed under chapter 11 of the United States Bankruptcy Code is frequently referred to as a "reorganization" bankruptcy.
An individual cannot file under chapter 11 or any other chapter if, during the preceding 180 days, a prior bankruptcy petition was dismissed due to the debtor's willful failure to appear before the court or comply with orders of the court, or was voluntarily dismissed after creditors sought relief from the bankruptcy court to recover property upon which they hold liens. 11 U.S.C. sections 109(g), 362(d)-(e). In addition, no individual may be a debtor under chapter 11 or any chapter of the Bankruptcy Code unless he or she has, within 180 days before filing, received credit counseling from an approved credit counseling agency either in an individual or group briefing. 11 U.S.C. sections 109, 111. There are exceptions in emergency situations or where the U.S. trustee (or bankruptcy administrator) has determined that there are insufficient approved agencies to provide the required counseling. If a debt management plan is developed during required credit counseling, it must be filed with the court.

Robert K. Lee, Esq
State Bar Certified Specialist
[Bankruptcy Law]
3435 Wilshire Blvd, Suite 1035
Los Angeles, CA 90010
Ph [888] 777-0839 Ext 505
Fax [888] 777-0849
http://californiabankruptcylawyer.biz/2011/10/california-chapter-11/

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