Florida Chapter 11 Lawyer

Leading Chapter 11 Representation in Florida: Your Path to Financial Recovery Starts Here.

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Looking to file Chapter 11 bankruptcy? Read what other customers say about their experience:

  • Louisa P.starstarstarstarstar5.0
    Robert and the team at Stiberman Law are truly exceptional. I was faced with the daunting task of navigating bankruptcy, and from the moment I contacted them, I knew I was in good hands Read More
    May 21, 2024logo
  • Arlene S.starstarstarstarstar5.0
    Excellent Lawyer, friendly and on top of things and reliable and efficient. I had to go through bankruptcy twice and I trusted them every time. I had the best experience with Robert and Read More
    March 20, 2024logo
  • Gustavo S.starstarstarstarstar5.0
    I am very satisfied with the service that they offered us. They were very professional and kept us informed at all times. I was looking for a bankruptcy attorney nearby and fount Robert Read More
    March 19, 2024logo
  • Louisa P.starstarstarstarstar5.0
    Robert and the team at Stiberman Law are truly exceptional. I was faced with the daunting task of navigating bankruptcy, and from the moment I contacted them, I knew I was in good hands Read More
    May 21, 2024logo
  • Arlene S.starstarstarstarstar5.0
    Excellent Lawyer, friendly and on top of things and reliable and efficient. I had to go through bankruptcy twice and I trusted them every time. I had the best experience with Robert and Read More
    March 20, 2024logo
  • Gustavo S.starstarstarstarstar5.0
    I am very satisfied with the service that they offered us. They were very professional and kept us informed at all times. I was looking for a bankruptcy attorney nearby and fount Robert Read More
    March 19, 2024logo
  • Paul B.starstarstarstarstar5.0
    I would like to share the amazing experience I have had with this Law firm. I was on the verge of loosing my house because I had not paid my property taxes. I looked for a Bankruptcy at Read More
    July 10, 2023logo
  • S.M.starstarstarstarstar5.0
    When I say this office was absolutely the best, I am not kidding! They have been absolutely phenomenal. Robert has been the best bankruptcy attorney. The whole team has always kept Read More
    April 20, 2023logo
  • Paula D.starstarstarstarstar5.0
    I was referred by a friend to this bankruptcy attorney. Mr. Stiberman and his staff was very courteous, knowledgeable and very caring towards my concerns. I am pleased with the outcom Read More
    April 18, 2023logo
  • R.P.starstarstarstarstar5.0
    The process was relatively easy, I would recommend Stiberman Law to anyone who finds themselves in need of a bankruptcy attorney.
    February 24, 2023logo
  • Jose N.starstarstarstarstar5.0
    I have to say that I have had a great experience with Stiberman Law regarding a bankruptcy and they have been very informative and supportive. They have been very helpful and always ans Read More
    January 20, 2023logo
  • L.L.starstarstarstarstar5.0
    Excellent service. Great bankruptcy attorney and staff. Always informed me of what to expect. My Chapter 13 bankruptcy was smooth and the process was easy thanks to Robert and the Read More
    July 20, 2022logo
  • Sam Sstarstarstarstarstar5.0
    Twelve years ago I was in need of legal representation stemming from the housing meltdown if 2008. Robert Stiberman and his staff handled the matter with complete professionalism and sp Read More
    October 19, 2022logo
  • K.D.starstarstarstarstar5.0
    I was looking for a bankruptcy attorney in Miami, and I found Mr. Stiberman. He and his office were efficient, and they guided me through every step of the process. I am appreciative of Read More
    September 16, 2022logo
  • Carmen C.starstarstarstarstar5.0
    I am so grateful for Stiberman Law, P.A. In 2019 my husband and were faced with a very difficult decision file for Bankruptcy, unfortunately we weren’t able to pay for our credit Read More
    October 26, 2022logo
  • N.M.starstarstarstarstar5.0
    Excellent work from this bankruptcy law firm! I was drowning in debt with my license suspended from a lawsuit I had and thought I would have to spend the rest of my life paying back deb Read More
    August 17, 2022logo
  • R.Z.starstarstarstarstar5.0
    The experience with this office has been great. No problems at all they have kept me straight to doing the right thing and feeling a breeze of peace and being debt free with my bankruptcy.
    August 30, 2022logo
  • F.starstarstarstarstar5.0
    Very happy with Robert and his team. Thanks to them we were able to save our home. Very helpful and knowledgeable in bankruptcy. Best attorney.
    July 28, 2022logo
  • E.R.starstarstarstarstar5.0
    I had a great experience, I just want thank Stiberman law and his team for a great experience also Ana for the help and explaining my case. Appreciate, thank you
    July 25, 2022logo
  • A.B.starstarstarstarstar5.0
    Very good office with my bankruptcy. They have been amazing through this hard process. Very happy with Robert and his staff they are very nice and professional. Thank you stiberman!
    July 23, 2022logo
  • W.J.starstarstarstarstar5.0
    Amazing work by Robert. They are really good with what they do, very attentive and knowledgeable. Customer service and professionalism are top, the lawyer has been great this whole t Read More
    June 25, 2022logo

Chapter 11 Business Bankruptcy Lawyer in Florida

Written by: Chapter 11 Florida bankruptcy lawyer, Robert Stiberman – Last Updated February 6, 2024.

Chapter 11 bankruptcy often grabs headlines, typically associated with large corporations facing financial distress. However, its relevance extends beyond corporate giants; it’s a crucial avenue for small businesses and individuals seeking bankruptcy protection.

Your Experienced Chapter 11 Bankruptcy Lawyer

Robert Stiberman is a distinguished business bankruptcy lawyer renowned for his expertise and proficiency in navigating complex legal matters throughout Florida. With authorization to practice law across the state, Mr. Stiberman holds admission to the United States District Court for the Southern, Middle, and Northern Districts of Florida, solidifying his jurisdictional prowess. Mr. Stiberman represents bankruptcy clients throughout the state of Florida.

Mr. Stiberman earned his Juris Doctorate from the University of Miami School of Law and has been a member in good standing of the Florida Bar since 1998, maintaining an impeccable standing within the legal community. Moreover, he brings a wealth of experience as a former Supreme Court Certified Mediator, augmenting his ability to facilitate constructive negotiations and mediations. This unique background enhances his effectiveness in guiding clients through the intricate landscape of Chapter 11 proceedings.

In Chapter 11 cases, adept negotiation skills are paramount, as attorneys must engage with many stakeholders, including creditors and suppliers, to secure favorable terms for debt repayment and potentially mitigate losses. Robert’s honed negotiation insight not only helps in averting protracted litigation but also fosters agreements that position debtor companies for enhanced resilience and financial stability post-bankruptcy.

With over 15 years of dedicated service, Stiberman Law has consistently delivered comprehensive representation to Florida bankruptcy clients, earning a sterling reputation for its unwavering commitment to achieving optimal outcomes.

Understanding Chapter 11 Bankruptcy

Chapter 11 bankruptcy is a legal process designed to facilitate the reorganization of a business or individual’s finances while allowing them to continue operations. Unlike Chapter 7, which involves liquidation, and Chapter 13, which focuses on personal reorganization, Chapter 11 is primarily utilized by businesses but can also be employed by individuals with substantial assets and debts.

Under Chapter 11, the debtor, whether a business or individual, retains control over their operations while developing a plan to repay creditors over time. This plan, subject to court approval, outlines how debts will be restructured, assets liquidated, and payments distributed among creditors.

Source: https://www.uscourts.gov/services-forms/bankruptcy/bankruptcy-basics/chapter-11-bankruptcy-basics

How Chapter 11 Works

A Chapter 11 case starts with the filing of a petition in the bankruptcy court located where the debtor maintains domicile, residence, or primary business location. The Debtor may be a business or an individual. In some instances, the petition me be an involuntary petition filed by creditors. Source  11 U.S.C. §§ 301, 303. If the Debtor is an individual, the Debtor must have received credit counseling from an approved agency. Source 11 U.S.C. §§ 109.

Filing chapter 11 is typically more more expensive than filing for Chapter 7, or Chapter 13. As of February 7, 2024, a Debtor must pay a Chapter 11 case filing fee of $1,1167 and a $571 miscellaneous administrative fee. Source Chapter 11 – Bankruptcy Basics.

Upon filing, the Debtor automatically assumes the role of “debtor in possession”. 11 U.S.C. § 1101. As a debtor in possession, the debtor maintains possession control of its assets until the case is confirmed, dismissed, or converted to chapter 7. There may be instances, such as the debtor’s breach of fiduciary duties,  where a chapter 11 is Trustee is appointed. Source 11 U.S.C. § 1107(a).

The debtor is required to file a disclosure statement and a plan of reorganization detailing how creditors will be treated, with impaired creditors voting on the plan. The court then holds a confirmation hearing to determine whether to approve the plan. Source 11 U.S.C. § 1125.

Exploring Subchapter V of Chapter 11 Bankruptcy

Subchapter V is a form of business bankruptcy that offers a streamlined bankruptcy process tailored to the needs of qualifying small businesses. It designed to expedite the Chapter 11 bankruptcy process for small businesses with debts totaling less than $7.5 million.

Source: The Small Business Reorganization Act of 2019 (SBRA).

Key Features of Subchapter V

Unlike traditional Chapter 11 proceedings, Subchapter V imposes fewer requirements and administrative costs on small business debtors. Some key features of Subchapter V include:

  • Expedited Timeline: Subchapter V accelerates the bankruptcy process, allowing small businesses to develop and confirm a reorganization plan within a shorter timeframe.
  • Ownership Retention: Small business owners can retain ownership of their businesses under Subchapter V, provided they propose a feasible reorganization plan that treats creditors fairly.
  • Elimination of Creditors’ Committees: Unlike traditional Chapter 11 cases, Subchapter V eliminates the requirement to form official committees of unsecured creditors, reducing administrative expenses.
  • Cost-Effectiveness: Subchapter V reduces administrative costs and legal fees, making the bankruptcy process more accessible and affordable for small businesses.

Our Business Bankruptcy Florida Chapter 11 Lawyers Can Help You

As an experienced Chapter 11 Florida bankruptcy lawyer, Robert Stiberman plays a crucial role in helping clients formulate effective reorganization plans, negotiate with creditors, and navigate the legal intricacies of bankruptcy court. Stiberman’s commitment to providing personalized and strategic legal counsel sets him apart. The consultation is confidential and we respect your privacy. Please review our privacy policy. Although we provide information on this website, it is intended soley as information and not as legal advice. Because for chapter 11 can have serious implications,  it is important to consult with a lawyer before taking any action.

We are available to schedule a consultation Mon- Friday from 9 am to 6 pm.  We invite you to call our main office telephone number at 954-922-2283 or fill out a Free Consultation form and we do our best to respond within the same business day.

Chapter 11 Florida Bankruptcy Lawyer

Robert A. Stiberman is a business bankruptcy attorney with over 15 years of experience in bankruptcy law.

Contact a Chapter 11 Florida Bankruptcy Lawyer

If you’re considering Chapter 11 Bankruptcy, contact us today at 954-922-2283 to schedule your personalized consultation with a bankruptcy lawyer at Stiberman Law. The consultation is completely free.

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Filing for Chapter 11 Bankruptcy in Florida

Filing for Chapter 11 Bankruptcy in Florida

Filing for bankruptcy can be complex. There are multiple types of bankruptcy. Finding the right one to solve your challenges can be tricky. You need to consider whether you can make payments in the future, the value of your current assets and the types of debts you wish to resolve.

Chapter 11 Can Give Debtors More Control

As explained by business bankruptcy lawyer Robert Stiberman, chapter 11 not a liquidation. This type of bankruptcy is a restructuring of debts, with the goal of minimizing disruption.

Debtors filing Chapter 11 bankruptcy will be required to show how they plan to better manage their debts in the future. They may be able to retain control of their assets throughout the bankruptcy.

For businesses filing Chapter 11, they need to present a workable plan to their debtors that shows how they can turn their business around. This could include contract renegotiations with customers or seeking new sources of revenue.

Chapter 11 Accommodates Larger, More Complex Debts

One reason an individual debtor may not qualify for a Chapter 13 bankruptcy is that their total secured debt exceeds $1,149,525, and/or their total unsecured debt exceeds $383,175.

Chapter 11 bankruptcy does not have these limitations. It is specifically designed to accommodate substantial debts wrapped up in a variety of financial instruments.

Chapter 11 Provides Longer Repayment Windows

Another reason that small businesses and individuals may choose to file a Chapter 11 bankruptcy is because of the increased flexibility in repayment terms. For example, a Chapter 13 bankruptcy requires that mortgages on a rental property be repaid within 60 months. Even with a lower loan balance and lower interest rate (negotiated during the bankruptcy), this is a tight window to pay off a property.

Chapter 11 bankruptcies do not have this 60 month requirement. There are other examples where a specific type of bankruptcy filing will better serve your needs. Your best bet is to sit down and discuss your situation with a Chapter 11 bankruptcy lawyer. Even if Chapter 11 isn’t the best fit, we can work together to find a solution that makes the most sense.

Chapter 11: Disposable Income Calculations

The IRS has a standard formula for calculating disposable income. You can click here to view Official Form B 22C2. It shows how the calculation is completed.

Chapter 11 filings use a different standard that may be more favorable to the debtor.

In any bankruptcy filing, you are going to be faced with a series of forms and questions. Answering incorrectly, or filing the wrong form can have a significant impact on the structure of your bankruptcy.

This is one reason, among many, that we recommend hiring an experienced Chapter 11 bankruptcy lawyer to handle your filing. Our experience allows us to focus on the things that matter, giving our clients the best possible chance at a better tomorrow.

Remember, when you hire an experienced attorney to handle your bankruptcy filing, you may avoid costly errors. Based on some of the “do it yourself” filings we’ve seen work their way through the court system, it can be cheaper to hire an expert.

Explore Your Options with a Florida Chapter 11 Bankruptcy Lawyer

We understand that the need to file bankruptcy can come from a variety of factors, many of which are outside your control. We’re not here to judge you. We’re here to provide you with reliable information, based on the specifics of your situation.

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Frequently Asked Questions

Chapter 11 bankruptcy is a complex legal process primarily used by businesses to reorganize their debts and finances while continuing operations. Here are some frequently asked questions (FAQs) regarding Chapter 11 bankruptcy:

What is Chapter 11 bankruptcy?

Who can file for Chapter 11 bankruptcy?

What are the benefits of filing for Chapter 11 bankruptcy?

How does the Chapter 11 process work?

What is a reorganization plan?

How long does Chapter 11 bankruptcy last?

What happens to existing contracts and leases in Chapter 11 bankruptcy?

Can a business continue to operate during Chapter 11 bankruptcy?

These are just a few common questions about Chapter 11 bankruptcy. It’s essential to consult with a qualified bankruptcy attorney or financial advisor for specific guidance tailored to your situation.

Why is chapter 11 so expensive?

Chapter 11 bankruptcy is often more costly than other types due to its complexity, involving extensive negotiations, reorganization plans, and court proceedings. Learn more at: The High Costs Of Chapter 11 Bankruptcy: Factors Contributing To Expensive Proceedings.

Recent Chapter 11 developments

Commercial Chapter 11 Bankruptcies Soar 118% in February.

In February 2024, the number of commercial chapter 11 bankruptcy filings increased by 118% compared to the same period in February 2023. This significant growth in commercial chapter 11 filings was primarily driven by a substantial number of related filings in two major commercial chapter 11 cases. Overall, total commercial filings in February rose by 48% from the previous year. Small business filings, represented as subchapter V elections within chapter 11, experienced a 78% increase, rising from 120 in the prior year. The total number of bankruptcy filings in February marked a 22% increase compared to February 2023. This marks the 19th consecutive month of year-over-year increases in total, individual, and commercial bankruptcy filings.

Source: American Bankruptcy InstituteMarch 4, 2024 Press Release.

Choose Stiberman Law

Experienced Chapter 11 Bankruptcy Attorneys in Florida

If you need to stave off the foreclosure through Chapter 11 Bankruptcys, our attorneys can help you.

We understand that the need to file bankruptcy can come from a variety of factors, many of which are outside your control. We’re not here to judge you. We’re here to provide you with reliable information, based on the specifics of your situation.

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“I need a Florida Chapter 11 Lawyer near me”?

We can help you. We understand the importance of being close to you, which is why our law firm have offices located throughout South Florida.

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Florida Chapter 11 Bankruptcy Lawyers

We represent clients throughout Florida.

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Schedule a Free Consultation with a Chapter 11 Bankruptcy Lawyer

You need real answers that you, your family and your business can count on. A google search isn’t enough. Give us the opportunity to answer your questions as part of a free, no-obligation consultation.

Don’t wait until you’re already in over your head with legal procedures and court filings. Let us honestly assess your situation, with the benefit of our experience. It all starts with a phone call.

Meet Robert Stiberman

Your Trusted Chapter 11 Bankruptcy Lawyer

Your Trusted Chapter 11 Business Bankruptcy Lawyer

If you are a small business owner in Florida struggling with debt, Stiberman Law can help you navigate the bankruptcy process successfully. With extensive experience helping small businesses, their team of attorneys provides compassionate and effective legal guidance during this difficult and emotional time.

Stiberman Law has helped numerous small businesses in Florida file for Chapter 7 and Chapter 11 bankruptcy, as well as the newly introduced Subchapter V bankruptcy protection. Their team has a deep understanding of the bankruptcy process, including the complexities involved in reorganizing debt and negotiating with creditors.

Their attorneys are particularly knowledgeable about Subchapter V bankruptcy protection and can guide small business owners through the process, from determining eligibility to developing a feasible reorganization plan and negotiating debt repayment terms with creditors.

Stiberman Law is committed to providing personalized service to each of its clients. They take the time to listen to their clients’ concerns and develop tailored solutions to meet their needs, understanding that every small business is unique. Their attorneys are dedicated to helping small businesses in Florida regain their financial footing and get back to doing what they do best – running their businesses.

Don’t hesitate to contact Stiberman Law if you are a small business owner in Florida struggling with debt. Their team of attorneys can help you explore your options and find the best path forward for your business.

Learn More About Navigating Small Business Bankruptcies in Florida

Navigating Small Business Bankruptcies in Florida: Stiberman Law’s Expertise

Florida Cities We Serve

We can proudly represent Chapter 11 bankruptcy clients in the following Florida cities:

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