Filing For Chapter 11 Bankruptcy In Mississippi
Last updated on June 2, 2025
In Mississippi, Chapter 11 bankruptcy offers a legal pathway under the U.S. Bankruptcy Code to reorganize your debts while keeping your operations running. Navigating this process demands a skilled attorney who knows the law and cares about your future.
I am Nicholas T. Grillo, and through the Grillo Law Firm, I have dedicated 12 years to helping Hattiesburg business owners find their way through bankruptcy proceedings. I focus on providing client-centered service, treating each case with the individualized attention it deserves.
How Chapter 11 Differs From Other Bankruptcy Options
Chapter 11 bankruptcy is a powerful tool for businesses and individuals with significant debts. Unlike Chapter 7, which liquidates assets to pay creditors or Chapter 13, which creates a repayment plan for regular-income individuals, Chapter 11 focuses on restructuring debts while allowing you to maintain control of your business or assets.
Who Can File For Chapter 11 In Mississippi?
Businesses, including corporations, partnerships and sole proprietorships, as well as individuals with debts exceeding Chapter 13 limits, are eligible. You must provide detailed financial records and propose a reorganization plan that creditors and the court will review. My role as your lawyer is to guide you through these steps carefully.
What Chapter 11 Bankruptcy Can Do For You
Chapter 11 bankruptcy can help you with:
- Debt restructuring and reorganization: I will help you create a manageable plan to repay debts over time, reducing financial strain.
- Protection from creditor harassment: Filing triggers an automatic stay, halting lawsuits, wage garnishments and creditor calls.
- Continuing business operations: You can keep running your business while reorganizing and preserving jobs and income.
- Potentially reducing debt: Some debts may be reduced or discharged, giving you a clearer path forward.
I will help you to maximize these benefits while developing a reorganization plan that creditors can accept.
The Chapter 11 Bankruptcy Process In Mississippi
The Chapter 11 process involves filing a petition, submitting financial disclosures and proposing a reorganization plan. Creditors vote on the plan, and the court must approve it. While you might consider filing on your own, the complexity of Chapter 11 requires a seasoned bankruptcy attorney to avoid costly mistakes and secure the best outcome possible.
My personal and hands-on approach can yield a plan that aligns with Mississippi and federal laws. I meet with you multiple times, listen to your concerns and tailor solutions to your unique situation. With a track record of eliminating $30,000 in state and federal tax debt for clients, I am driven by your success.
Let Us Build A Plan Together
No matter how bad things look right now, there is always a way forward. The Grillo Law Firm will help you regain control, keep your business running and relieve the stress hanging over your head. Call me via 769-447-3647 for a free consultation to schedule a meeting at my Hattiesburg office.