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The Law Offices of Rounds & Sutter, LLP serves clients in Santa Barbara, Goleta, Ventura, Oxnard, Lompoc, Santa Maria, Carpinteria, Ojai, Camarillo, Buellton, Solvang and Santa Paula, CA. We serve Santa Barbara County, Ventura County and San Luis Obispo County, California.

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We are a debt relief agency,helping people file for bankruptcy relief under the Bankruptcy Code. Visit our Ventura bankruptcy practice website.

Information you obtain at this site is not, nor is it intended to be, legal advice. Consult an attorney for individual advice regarding your own situation.

Chapter 11 Bankruptcy

Attorneys Serving Santa Barbara and the Central Coast of California

With the severe tightening of the credit markets experienced in recent months and the down turn in the economy, individual professionals and small businesses are having a difficult time finding credit to fund ongoing operations. This has evolved into a problem that is typical of small businesses – obtaining the cash flow required for their operations.

The environment of business bankruptcy has changed dramatically, and the Santa Barbara bankruptcy attorneys of the Law Offices of Rounds & Sutter, LLP have adapted new methods for protecting their clients' interests. If you own or operate a business and are considering Chapter 11 bankruptcy, the experience that our attorneys have can make a significant impact on your chances for a successful reorganization. For a free initial consultation — contact us.

Chapter 11 Reorganization Bankruptcy

Chapter 11 is typically used to reorganize a business, which may be a corporation or partnership. A corporation exists separate and apart from its owners, the stockholders. The Chapter 11 bankruptcy case of a corporation (corporation as debtor) does not put the personal assets of the stockholders at risk other than the value of their investment in the company's stock. Like a corporation, a partnership exists separate and apart from its partners. In a partnership bankruptcy case (partnership as debtor), however, the partners' personal assets may, in some cases, be used to pay creditors in the bankruptcy case or the partners, themselves, may be forced to file for bankruptcy protection under Chapter 7 or Chapter 13.

Business Debt Settlement

Chapter 11 bankruptcy is a good option when there are too many creditors for debt settlement and your business has sufficient prospects to continue operations if it is provided with debt relief or restructure. Businesses are typically allowed to continue to operate while in Chapter 11 bankruptcy, though they must do so under the supervision of the bankruptcy court. In Chapter 11 bankruptcy, the bankruptcy court can force settlement terms on creditors even when they oppose. Since we handle all types of bankruptcy, we will find and provide you with the best option for you, under all chapters of the Bankruptcy Code.

Contact Us

If you are considering a business bankruptcy or reorganization of debt and wish to discuss your options, we provide effective, knowledgeable, and prompt legal bankruptcy representation for all sizes of businesses. Contact the Law Offices of Rounds & Sutter, LLP, 805-617-3385. We have offices in Ventura and Santa Barbara, California.

We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.