Jupiter Chapter 11 Bankruptcy Attorney

Helping Your Struggling Business in Palm Beach County

When it comes to bankruptcy litigation, it is critical that you work with an experienced and skilled legal advocate. Julianne Frank, Esq. has been litigating bankruptcy cases for a long time and aims to save distressed businesses from failure by filing Chapter 11. She has dedicated her practice to helping businesses navigate the difficulties of staying afloat, and she believes your business is her business; she will do her best to help you seek legal solutions to your business difficulties.

  • 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.
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What Constitutes Chapter 11 Bankruptcy?

Chapter 11, named after the U.S. bankruptcy Code 11, is a form of bankruptcy that involves the reorganization of a debtor’s business affairs, debts, and assets. Corporations generally file Chapter 11 if they require time to restructure their debts, and this process of bankruptcy essentially gives the debtor a fresh start. However, the terms of the agreement are subject to the debtor’s fulfillment of its obligations under the reorganization plan.

During a Chapter 11 proceeding, the court will help a business restructure its debts and obligations after evaluating all the relevant documents provided. In most cases the firm will remain open and operating during the process. In most cases the debtor will run the business as usual. (Though in cases involving fraud, dishonesty, or gross incompetence, a court-appointed trustee steps in to run the company throughout the entire bankruptcy proceeding). Many large U.S. companies like General Motors and United Airlines have actually filed for Chapter 11 bankruptcy and stayed active. Corporations, partnerships, and limited liability companies usually file Chapter 11, but in rare cases individuals with a lot of debt may also be eligible for Chapter 11.

Note that a business in the process of filing Chapter 11 is not able to make certain decisions without the permission of the courts, such as actions involving:

  • selling assets;
  • starting or terminating a rental agreement; and
  • stopping or expanding business operations.

The court also has control over decisions related to retaining and paying attorneys and entering contracts with vendors and unions. The debtor also cannot arrange a loan that will commence after the bankruptcy is complete.

However, in any case the individual or business filing Chapter 11 bankruptcy has the first chance to propose a reorganization plan that may include downsizing business operations to reduce expenses or renegotiating debts. If the chosen path is deemed feasible and fair, the courts will accept it and move the process along.

Why Do Most Chapter 11’s Fail?

Common circumstances that lead to Chapter 11 are:

  • lawsuits that end badly;
  • economic downturn;
  • unanticipated competition;
  • excessive or unexpected debts;
  • infighting;
  • poor marketing;
  • loans that mature or are accelerated due to a default;
  • bad management.

Chapter 11 can often fix the above problems, but it will require careful planning and deft hands. Most Chapter 11 cases do not succeed primarily because the lawyer who filed did not undertake enough pre-filing analysis and develop an effective game plan. That is, the cases did not have enough of the elements necessary to succeed in the first place and should never have been filed the way the attorney did.

If you are considering Chapter 11, you should first ask your lawyer about their process of evaluating the case and the potential exit strategy. If the lawyer does not drill down and look at financials in detail and evaluate the nature of the debts, it is unlikely they can conjure an exit scenario. The lawyer you choose to take on your case should be able to fully understand how the case is likely to end before it is filed; if they do not clearly explain how your facts and figures will lead to a successful outcome, they’re probably winging it, which isn’t in your best interests. Chapter 11 proceedings are expensive cases to file, and you should think long and hard before signing up for one with a lawyer who doesn’t seem experienced.

Some good questions to ask when choosing a bankruptcy lawyer are:

  • Does the lawyer understand exactly how my business works?
  • Did the lawyer look at my loan documents, and lawsuit pleadings?
  • Did they study my financials?
  • Did the lawyer give me a spreadsheet showing the probable outcomes of my case?
  • Did the lawyer explain how Chapter 11 unfolds, and what tools are available to modify debts?
  • Did they explain the problems that can arise and the likelihood of overcoming those problems?

How You Will Work with Your Lawyer

The success of a Chapter 11 case depends significantly on the amount of effort you put in as a business owner to assist your lawyer in the filing process. Many potential business bankruptcy clients are already having a difficult time managing their business, and they might find it tough to expend additional energy on a lawsuit. However, the investment of time and energy that you must devote to the Chapter 11 process is substantial. A lawyer is your guide or conductor through the legal complications, but be aware that the real work is in the trenches and must be done by those who know the ins and outs of the business filing for bankruptcy. If you are not willing to add working hours to your day to work on your case, you are not a good candidate for a successful Chapter 11.

Too often Chapter 11 cases fail, and a primary cause of failure is inadequate preparation – a failure to do the homework and contribute to an exit strategy plan. Pre-filing analysis is, in Attorney Julianne Frank’s opinion, the secret to successful outcomes in Chapter 11. Benchmarks and waypoints along the way should be plotted and expectations monitored to compare with projections as the case unfolds.

Consult an Experienced Bankruptcy Lawyer

Experience, credentials, and track record are key when you’re choosing who to work with on your Chapter 11 case. The prospective Chapter 11 client should ask how many cases a potential lawyer has filed and what percentage of cases have been successfully confirmed. You should talk to other clients of the lawyer who have gone through the process and, most importantly, you should find out if the lawyer is board certified in business bankruptcy, which you can confirm at www.abiworld.org. Julianne Frank, Esq. takes all her cases very seriously, and if you are interested in working with her firm, you should be prepared to work with her throughout the litigation process.

Entrust your Chapter 11 case into skilled, experienced hands; contact Julianne Frank, Esq. at (561) 220-2528 or online here to learn more about how the firm can help.

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.