Jupiter Business Bankruptcy Attorney

Businesses on the brink of insolvency may get relief from the nation’s bankruptcy laws. If plans are to continue a struggling business, Chapter 11 bankruptcy can provide business owners with the opportunity to restructure company debt and finances and work out arrangements with creditors, lenders, and suppliers to help the company move out of debt and put itself on a path to profitability. Businesses continue to operate while in Chapter 11 and often emerge stronger than ever, leaner, and with a lighter debt load. A failing business which does not want to continue operations, though, should seek out an orderly process to liquidate assets and wind down operations through a Chapter 7 proceeding.

Julianne Frank is a friend and a brilliant attorney.
“Julianne Frank is a friend and a brilliant attorney.”
- Johan K.
EXCELLENT!!!
“EXCELLENT!!!”
- Karolina K.
Julianne is a pleasure in all ways, but more importantly, she is a true master of the law as to her specialty, Bankruptcy Law.
“The case I referred to Julianne was complex and required considerable expertise.”
- Cecil H.
I am not proud that I had to file chapter 11 for my business but I am grateful for Julianne Frank.
“It was the smoothest process and Julianne has been doing this for 4 decades so she is the only choice when it comes to this matter.
”
- Michael B.
She handled it professionally and did an excellent job all around.
“. The future is bright and I am again able to look ahead to retirement. The decision to file was the right one for me.”
- Paul R.

Helping Distressed Businesses in Palm Beach County

Jupiter business bankruptcy lawyer Julianne Frank, Esq. has over 4 years helping businesses like yours solve their financial challenges and other business legal problems. In fact, Attorney Frank is the first and only lawyer in Florida’s Southern District to file Chapter 7, 11, and 12 at the same time. She is a deft legal professional you can count on for practical advice and assistance in business bankruptcy or other financial alternatives for debt relief, from Chapter 11 reorganization to Chapter 7 liquidation.

Chapter 11 Business Reorganization

Chapter 11 is a court-supervised restructuring of a business while under the protective dome of the bankruptcy system that protects the debtor from their creditors. Businesses generally file Chapter 11 if they require time to restructure their debts. Chapter 11 allows a person to continue operations as the “debtor in possession” of their business while they take the necessary steps to restructure their business and finances according to a more profitable and efficient model. With a successful Chapter 11 bankruptcy suit, an individual may see their debts lowered and obtain the necessary breathing room to pay them off over time without the looming threat of other lawsuits, repossessions, or debt collections.

The recent Small Business Reorganization Act also added an important new subchapter V to Chapter 11 designed to make bankruptcy easier for small businesses. Any business with less than about $2.7 million in debts may be eligible to file under Subchapter V.

Benefits of Subchapter V for Small Businesses:

impose shorter deadlines for completing the bankruptcy process;
allow for greater flexibility in negotiating restructuring plans with creditors; and
provide for a private trustee who will work with the small business debtor and its creditors to facilitate the development of a consensual plan of reorganization.

Be aware that businesses that derive substantially all their income from operating a single real property are ineligible for Subchapter V.

Note that Subchapter V does not repeal existing Chapter 11 provisions regarding small business debtors, and it instead creates an alternative procedure that small business debtors may elect to use. Subchapter V is generally a faster, more efficient bankruptcy process, and it allows a debtor to spread its debt payments over 3 to 5 years, during which time the debtor must devote its projected disposable income to paying creditors.

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Chapter 12 for Family Farmers and Fishermen

Chapter 12 bankruptcy was created specifically for family farmers and family fishermen in financial distress. Julianne Frank, Esq. serves struggling families in agriculture, aquaculture, and fishing businesses in South Florida who may be in danger of losing their farm or enterprise due to crushing debt. Chapter 12 allows the creation of a payment plan to pay off debts over 3-5 years at a pace that is within the business’ means, and it allows individuals owning farms and fisheries to reorganize their finances and debts while still maintaining ownership of their assets.

Chapter 12 is open to individuals or spouses operating farming or fishing enterprises, as well as family-owned partnerships or corporations where a large portion of their income and debts are tied to the farm or fishing operation. Visit the Chapter 12 Bankruptcy page on the firm’s website to see what qualifications an individual or corporation must meet in order to be eligible for Chapter 12.

Family-owned corporations will find Chapter 12 to be easier and less expensive than Chapter 11 bankruptcy, while individuals and spouses will find Chapter 12 more tailored to their specific needs than a Chapter 13 individual bankruptcy. An experienced attorney like Julianne Frank, Esq. can better assess the situation to help determine whether Chapter 12 may benefit an individual’s particular circumstances.

Chapter 7 Liquidation

Chapter 7 bankruptcy is usually filed when a company is closing its doors. Chapter 7 provides an orderly process for winding down a business, liquidating assets, paying creditors, and tying up loose ends without leaving the business owner exposed to company debts, liabilities, collections, or lawsuits. When a business owner decides to shut down the business, Chapter 7 may be a worthy consideration to resolve any lasting financial matters for the final close.

Contact Julianne Frank, Esq. Today

If you are a business owner in Palm Beach County who is experiencing financial difficulties and looking for effective solutions, contact the Jupiter business bankruptcy attorney Julianne Frank, Esq. for legal counsel. Attorney Frank has extensive experience working with small businesses to resolve the financial crises they’re facing, and you can trust her to handle your case seriously and professionally. Note that Attorney Frank works hand-in-hand with her clients; you should be ready to dedicate significant time to your own case by compiling all the necessary financial information if you want her skilled and knowledgeable litigation techniques on your side.

For more information about how Julianne Frank, Esq. can help you litigate your bankruptcy case in Jupiter, call (561) 220-2528 or fill out an online contact form today.

What Makes Julianne Frank Different

Honesty & Transparency
Tailored Solutions for Each Client
Client-Focused Representation
Over Three Decades of Experience

Start Your Journey Discuss Your Case with a Seasoned Attorney Today

Julianne Frank Esq. is a skilled and experienced attorney that takes on the most difficult of cases and wins. If you believe you have a case only Julianne can resolve, get in touch today.