Danning-Gill represents debtors through the Chapter 7 liquidation process. We help businesses determine whether ceasing operations and liquidating is an appropriate solution, and we help them to prepare for the orderly liquidations of their assets. We help individuals with substantial assets and liabilities, or complex financial concerns, evaluate whether to seek a fresh start by filing a petition under Chapter 7.
When considering whether to file for Chapter 7 relief, one should consult with specialized counsel who will be able to advise regarding the benefits as well as the costs and risks of a bankruptcy filing. Danning-Gill has the knowledge, based on its attorneys’ decades of experience, to expertly guide its clients through this process.
Chapter 11 Business Reorganizations
Chapter 11 affords debtors the opportunity to reorganize their liabilities and emerge from bankruptcy as a going concern. Danning-Gill works with debtors to determine whether chapter 11 relief is an appropriate solution for their needs, taking into account the costs and risks associated with bankruptcy. We aid Chapter 11 debtor clients with every legal aspect of the Chapter 11 process, from the preparation of schedules and statements, the filing of motions necessary to maintain operations through bankruptcy, the sale of assets and the confirmation of plans. Danning-Gill prides itself on crafting a custom tailored legal strategy to every Chapter 11 case. We do not believe in a “one-size-fits-all” approach to Chapter 11 cases.
Out of Court Workouts
While bankruptcy offers a legal process overseen by the court, it carries attendant risks, costs and delays. Many debt and insolvency situations can be resolved without any court process. Because of Danning-Gill’s expertise in bankruptcy, we are able to advise our clients regarding likely scenarios in the bankruptcy process. By applying this knowledge, in certain scenarios, parties may be able to reach mutually agreeable resolutions of debtor-creditor issues by contract, avoiding the need for a bankruptcy filing.