Ogden

    (801) 479-4777                                                 

    Layton-Clearfield

    (801) 544-5306                                                 

  Debt relief from Utah attorneys Helgesen, Waterfall & Jones

 Utah Bankruptcy Today

         Two full time offices:

Layton - Clearfield  (801) 544-5306

           Ogden             (801) 479-4777

Chapter 11 Bankruptcy: the business reorganization

The years 2008 and 2009 have seen some of the largest chapter 11 filings in history.

These filings allow a business to gain protection against creditors while the business raises operating funds. These funds are given a preference over other debts of the business.

Under protection of the automatic stay, the business, called a “debtor in possession,” proposes a reorganization plan and gains the agreement of creditors. Once the plan is confirmed, it is carried out and the business emerges from bankruptcy.

If your business is failing but you have a plan to save it, we will be happy to meet with you and discuss your options.

 Craig Helgesen

Bankruptcy Lawyer

Utah Bankruptcy Today © 2009 Helgesen, Waterfall & Jones, P.C.