How long does the Chapter 11 process take?

It depends. It can take 6-8 months on the short end and it can take 5 years or longer. While there are many factors that influence how long it will take for the Chapter 11 process to be completed, there are some general rules of thumb you can follow.

The first thing to know is that in most cases, filing for Chapter 11 does not mean that a business immediately closes its doors. In fact, a business will typically continue to operate as usual while a plan is being formulated and confirmed by the court. The court's main concern is getting the company back on its feet and in a position to pay back any creditors and/or investors who may be owed money. Therefore, while the business will continue to operate as usual, you should expect that there may be some changes made in your day-to-day routine at work. For example, you may find yourself having to report to someone else who has been appointed by the court rather than your previous supervisor.

If you have more questions about a Chapter 11 bankruptcy, call this law firm for a free consultation.

Ascent Law LLC

8833 S Redwood Rd Ste C

West Jordan UT 84088

(801) 676-5506

https://g.page/AscentLaw

https://www.ascentlawfirm.com/chapter-11-bankruptcies/


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