Seasoned litigators and experienced negotiators, FLP Law Group LLP is a business law firm that also serves in Beverly Hills CA, helping entrepreneurs and businesses confront their legal challenges head-on in a cost-effective way. The firm has received the highest possible rating of “AV” for both quality and integrity from the authoritative Martindale Hubbell listing of law firms and attorneys. Our bankruptcy attorneys in Beverly Hills, each have over 30 years of experience, with special expertise in business and individual Chapter 11 and Chapter 7 bankruptcy cases and related litigation, breach of contract and fraud litigation, creditors’ rights and collection matters, commercial real estate transactions and litigation matters, and corporate governance and finance.
CORPORATE RESTRUCTURING ATTORNEY NEAR YOU IN BEVERLY HILLS
In the heart of Beverly Hills, where luxury meets reality, financial uncertainties can arise unexpectedly. At FLP, we stand as a beacon of hope, offering expert legal guidance tailored to the unique financial intricacies of Beverly Hills. Our seasoned team of bankruptcy attorneys is not just well-versed in law but deeply rooted in the community, ensuring you get the local expertise you deserve.
Beverly Hills might shimmer with opulence, but financial challenges remain universal. Here’s why FLP is the trusted choice for many:
Local Mastery: Our business bankruptcy attorneys have an unparalleled understanding of Beverly Hills’ financial dynamics, making us the go-to local experts.
Diverse Expertise: Whether it’s Chapter 7 or Chapter 11, our comprehensive legal services cater to every bankruptcy need.
Client-First Approach: Your financial well-being is our top priority. We tailor strategies to fit your unique bankruptcy situation, ensuring optimal outcomes.
Decoding Bankruptcy: Chapter 7 & Chapter 11 Explained
Understanding the nuances of bankruptcy can be your first step towards financial empowerment. Let’s simplify:
Chapter 7 Business Bankruptcy
CHAPTER 11 Business Bankruptcy
Purpose: Ideal for individuals and businesses seeking a clean slate.
Process: Liquidation of non-exempt assets to discharge unsecured debts.
Duration: Swift resolution, typically within 4-6 months.
Our experienced bankruptcy attorneys can guide you through the Chapter 7 process, ensuring a smooth and compliant transition. We help assess which assets may be exempt from liquidation and navigate the intricacies of bankruptcy laws. Our goal is to minimize disruptions to your business while maximizing the benefits of Chapter 7 bankruptcy.
Purpose: For businesses aiming for debt restructuring without asset liquidation.
Process: Continued business operations with a restructured debt repayment plan.
Duration: Longer-term process, allowing businesses to regain their footing.
Our skilled bankruptcy Lawyers specialize in Chapter 11 bankruptcy proceedings. We work closely with you to formulate a comprehensive reorganization plan that aligns with your business’s financial goals. Our expertise in negotiating with creditors and maximizing debt relief options ensures that your path to financial recovery is as efficient and effective as possible.
Insolvency and Loan Workouts:
We provide comprehensive representation for both debtors and creditors facing individual or entity insolvency challenges. Whether dealing with troubled businesses or real estate investments, our collaborative approach involves strategizing, negotiating, and implementing workouts, forbearance agreements, loan modifications, and note or asset sales. Our services cover a wide spectrum, including loan forbearance agreements, reorganization, or the orderly liquidation of various asset types.
Our expertise extends to representing Debtors in regular Chapter 11 cases as well as Small Business Reorganization Act (“SBRA”) subchapter V Chapter 11 cases. SBRA offers a cost-effective alternative for those with 50% or more in business debt and no more than $7,500,000 in liquidated debt. It eliminates U.S. Trustee’s quarterly fees and the need to file a disclosure statement. In SBRA cases, a trustee is appointed to facilitate plans between debtors and creditors, which can be reorganization or liquidation plans. Additionally, we represent entities in Chapter 7 liquidations.
Our dedicated team assists debtors seeking debt discharge in Chapter 7. We also provide defense for defendants in adversary proceedings under 11 U.S.C. §§ 523(a) and 727(a) for denial of discharge and handle contested matters in Bankruptcy Court, such as motions for relief from stay or objections to claims of exemption.
Acting on behalf of debtors, we handle a diverse range of applications and motions commonly filed in bankruptcy cases. These include motions for relief from stay, motions to dismiss or convert cases to different chapters, objections to claims of exemption, property sales approvals, compromise approvals, judgment lien avoidance, and final decree petitions.
Bankruptcy Adversary Matters:
We defend debtors in adversary proceedings for the denial of a particular debt under (i) 11 U.S.C. § 523(a)(2)(A) (fraud), (ii) § 523(a)(4) (breach of fiduciary duty or embezzlement), (iii) § 523(a)6) (willful and malicious injury), and (iv) for denial of discharge under 11 U.S.C. § 727(a). Frequently, we can also remove a state court lawsuit to the bankruptcy court so that it is heard by the bankruptcy judge that is hearing the debtor’s case which could result in an advantage for the debtor.
We also defend creditor defendants from the debtor and trustee preference actions under 11 U.S.C. § 547(a), voidable transfer actions under 11 U.S.C. § 548, determination of secured status, and the determination of the validity, priority, and extent of liens, among other types of adversary proceedings.
Likewise, we prosecute adversary matters on behalf of debtors and trustees for preference actions under 11 U.S.C. § 547(a), voidable transfer actions under 11 U.S.C. § 548, determination of secured status, and the determination of the validity, priority, and extent of liens, and many other types of adversary proceedings.
We represent debtors, creditors, trustees and third parties in bankruptcy appeals to the 9th Circuit Court of Appeals Bankruptcy Appellate Panel, or to the United States District Court for the Central District of California. We can prosecute or defend any appeal. Should either the appellant or appellee be unsatisfied with the outcome at the Bankruptcy Appellate Panel or the U.S. District Court, we can then represent the client in a further appeal to the 9th Circuit Court of Appeals.
We are also active in state and federal court in defending debtors and prosecuting creditor rights on notes, invoices and guarantees (or whenever a creditor is owed money), and defending or enforcing Judgments. These actions include post-judgment enforcement and if necessary voidable transfer actions to recover debtor property improperly transferred to a third party. Frequently, we obtain writs of attachment so the client can have a pre-judgment lien against the debtor’s personal and real property.
We also defend debtors in the collection, alter ego and guarantee actions and represent creditors in the same. We further prosecute and defend limited liability and corporate shareholder disputes.
We advise and help small and mid-sized businesses on pre-incorporation planning, corporate formation, including recommending the best corporate entity to accomplish your objectives, share issuance, corporate compliance and securities law issues.
We represent small and mid-sized businesses and individuals in transactions such as lease agreements and contracts to help our clients create strong agreements to protect their interests.
We represent small and mid-sized businesses and individuals in the acquisition and sale and financing of a variety of real estate assets, including retail centers, office buildings, multi-family developments and other commercial properties. Our firm is also adept at resolving liens and other title problems.
WHY HIRE BEVERLY HILLS BUSINESS BANKRUPTCY LAWYERS?
Our commitment to your financial success goes beyond legal advice:
Empowerment Through Education: We believe in keeping you informed, ensuring you’re always in the driver’s seat.
Transparent Practices: No hidden clauses, no unexpected fees. Just transparent, honest service.
Round-the-Clock Support: Our team is always accessible, ensuring you’re never alone in your journey.
Located in Los Angeles, California, FLP Law Group is a highly regarded bankruptcy law firm specializing in assisting businesses in Beverly Hills seeking bankruptcy relief. Our team of experienced bankruptcy attorneys is well-versed in the intricate nature of business bankruptcy and is committed to guiding our clients through the process with assurance.
Financial challenges might be daunting, but with the right guidance, business recovery is within reach. Trust the legal experts who understand Beverly Hills like no other. Reach out to FLP today and set the course for a brighter financial future.
Our objective is to offer personalized attention to our clients and devise strategies that facilitate a fresh start. By closely collaborating with our clients, we gain a comprehensive understanding of their specific situations and aspirations. Subsequently, we strive to tailor our legal solutions to best suit their unique needs within the bounds of the relevant bankruptcy laws.
BEVERLY HILLS BUSINESS BANKRUPTCY FAQS
Do I Need an Attorney?
While it is possible to file for bankruptcy on your own, having an attorney on your side can greatly benefit you. Bankruptcy can be a complex process, and an experienced attorney can help you navigate through it with ease.
Firstly, a lawyer can review your situation and advise you on which type of bankruptcy to file, or whether debt settlement is a better option. They can help you understand the pros and cons of each option and assist you in making an informed decision.
Furthermore, an attorney can assist you in filling out the necessary bankruptcy forms and paperwork, ensuring that everything is accurate and complete. Mistakes in the paperwork can lead to delays or even the dismissal of your bankruptcy case.
An attorney can also protect you from creditor harassment. Once you file for bankruptcy, creditors are legally required to stop all collection efforts, including phone calls and letters. If they continue to harass you, our attorneys can help you take legal action to stop them and enforce your rights under bankruptcy law.
What is the Difference Between Chapter 7 and Chapter 11?
Chapter 7 and Chapter 11 are both chapters of the United States Bankruptcy Code that provide different options for individuals and businesses facing financial difficulties. The main difference between these two chapters is the purpose they serve and the type of bankruptcy they entail.
Chapter 7 Bankruptcy, also known as liquidation bankruptcy, is designed for individuals or businesses that have little or no income and cannot afford to repay their debts. In this process, a trustee is appointed to liquidate the debtor’s non-exempt assets to repay creditors. Chapter 7 bankruptcy generally lasts 3-6 months and once the process is complete, most of the debtor’s debts are discharged, meaning they are no longer responsible for them.
Chapter 11 Bankruptcy, also known as reorganization bankruptcy, is designed for businesses that want to continue operating while restructuring their debt. This process allows businesses to develop a plan to repay their debts over time while continuing to operate their business. In this type of bankruptcy, the debtor retains control of their business and develops a plan to repay their debts over a period of time, typically several years.
In summary, Chapter 7 is intended for individuals or businesses with little or no income and who cannot afford to repay their debts, while Chapter 11 is intended for businesses who want to continue operating while reorganizing their debt.
Should I File for Bankruptcy?
The decision to file for bankruptcy is a serious one that should be carefully considered based on your individual circumstances. If you are struggling with overwhelming debt and unable to pay your bills, bankruptcy may be an option worth exploring.
Bankruptcy is a legal process that can help you eliminate or reduce your debt and get a fresh start financially. However, it is important to understand that bankruptcy will have a significant impact on your credit score and financial future. It may also require you to sell some of your assets to pay off creditors.
Before filing for bankruptcy, you should consider speaking with a credit counselor or a bankruptcy attorney. They can provide you with valuable information about your options, including bankruptcy alternatives such as debt consolidation or negotiation. They can also help you determine whether bankruptcy is the right choice for you and guide you through the process.
Ultimately, the decision to file for bankruptcy is a personal one that depends on your individual circumstances and goals. It is important to weigh the pros and cons carefully and seek expert advice before making any final decisions.
Why Should you Choose FLP LAW Group as your Bankruptcy Law Firm in Beverly Hills?
FLP Law Group is a trusted Los Angeles-based bankruptcy law firm that prioritizes the well-being and financial stability of its clients. Our team of experienced attorneys is dedicated to helping clients navigate the bankruptcy process and seek the best possible outcome for their cases. We offer several advantages to our clients, including extensive legal experience, dependability, effective communication, and access to resources. If you’re interested in working with FLP Law Group, we offer a case evaluation to discuss your options and priorities.
Business Bankruptcy Case Studies
United States District Court Affirms Fourth Fee Order After FLP Knocked Out $5 million in Claims
FLP’s judgment creditor client Remares Global, LLC levied, pre-petition, on about $3,033,215.05 that debtor fraudulently transferred to his irrevocable trust. The trustee asserted Remares was entirely unsecured and that all was property of the bankruptcy estate.
FLP Law Group LLP Recovers 100% Plus Attorney Fees and Interest for Client and Successfully Defends Appeal.
FLP attorney Alan Forsley obtained an $865,000 judgment, including attorney fees, for its plaintiff client. Forsley then defeated defendant’s motion to vacate the judgment and proceeded to collect 100% of the judgment plus interest and attorney’s fees.
FLP Obtains Individual Debtor Discharge in Contested Chapter 11 Case and removal of $1 million of Judgment Liens Against Her Home
Debtor’s 2009 Chapter 11 case was closed after consummation of her confirmed plan by prior counsel. Notwithstanding the confirmed plan, two pre-petition law firms each obtained $500,000 judgments against Debtor and recorded liens against her multi-million home.
Bankruptcy Lawyers Near Me in Beverly Hills, California
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I am forever grateful to Alan Forsley for defending me from an extremely aggressive creditor by winning two separate trials and 10 appeals that flowed from those trials and my bankruptcy case.
Attorney Alan Forsley took the time to truly understand the complexity of my case and planned ahead with a winning strategy. Alan was very professional and always willing to explain strategies to me so I could learn and understand throughout the process. With his experience and knowledge, Alan helped my family and I receive a fantastic settlement!
I feel extremely fortunate that Alan Forsley was willing and able to represent me when I discovered that I was being betrayed and defrauded by my fiduciary with whom I had a relationship of more than ten years. Due to Alan’s diligence and expertise I was able to recover in excess of a million dollars of assets.