Areas of Practice
Bankruptcy and Business Litigation Law Firm in New Orleans, Louisiana
Everyone's financial situation is unique and depending on your individual case, bankruptcy can be a new beginning for some consumers and businesses. When considering whether bankruptcy is the right decision for you, it is important to understand that it is not a quick or simple process. The first step is to consult with an experienced bankruptcy lawyer who will discuss the legal procedures involved in filing for bankruptcy and help determine what bankruptcy plan will offer you or your company the best financial position for the future.
Common Types of Bankruptcy and Which One You Should File
A bankruptcy attorney will prepare you for what to expect and keep you informed throughout the process. Your lawyer will review the various chapters available in bankruptcy law for businesses and individuals. There are many different types of bankruptcy plans but the three most frequently filed chapters are 7, 11 and 13. While Chapter 7 can be employed for individuals or businesses, this chapter is often selected for personal bankruptcy cases and can take up to six months. Chapters 11 and 13 are the plans commonly filed in business bankruptcy. These bankruptcy cases generally take several years to complete and can last up to 5 years. The chapter that is ideal for you will depend on the size of your business and the extent of your debt.
Choose A Trusted Bankruptcy Attorney in New Orleans
Financial instability can be stressful, frightening and embarrassing. Hiring a skilled bankruptcy attorney will assist you in achieving discharge of your debt. Being totally honest about all of your assets and income are crucial in helping your lawyer obtain a successful outcome for you. If you are struggling with personal or business debt, Congeni Law Firm is here to provide sound legal guidance to see you through the complexities of bankruptcy court. Bankruptcy attorney Leo Congeni has served clients in the New Orleans, Baton Rouge, Lafayette, and across South Louisiana for more than 15 years. Our law firm focuses on representing clients in the following bankruptcy and legal matters:
Significant consumer debt related to credit cards, mortgages, spousal or child support, automobile loans, and student loans are an unfortunate situation that many Americans deal with at some point in their lives. With the aid of a legal professional that has expertise in helping individuals faced with overwhelming financial troubles through personal bankruptcy, you can recover and get your life back together. If you or a loved one is seeking relief from tremendous personal debt, contact New Orleans bankruptcy lawyer Leo Congeni now to start getting back your feet.
Businesses can run into financial problems for many different reasons and sometimes the best way forward is to liquidate and close the business. In these situations, Chapter 7 is the right option. However, in certain cases when the amount of debt is low, Chapter 13 is chosen because it allows an opportunity for the business to remain in operation and pay down the debt over time through a repayment plan. Less commonly filed, Chapter 11 bankruptcy is often the path selected for large, publicly traded corporations. This type of bankruptcy is a complex and lengthy process as it involves a reorganization of the company. Congeni Law Firm has extensive experience representing Chapter 7 and 11 debtors and creditors across a wide range of industries in the New Orleans area.
Attorney Leo Congeni and team at Congeni Law Firm have successfully handled many commercial litigation cases for both small and large businesses throughout the New Orleans region. Protecting your business' interests in a legal dispute requires the representation of a New Orleans business attorney with experience in commercial law and knowledge of the specific industries involved. If your company is facing legal issues with partners, investors, another business, government agency, employees or contractors, our commercial litigation lawyers in New Orleans can help reach a positive resolution through trial or mediation and arbitration. Contact our law firm today for a confidential consultation.