Helping Anaheim Businesses Reorganize and Stay Open
If your business in Anaheim is struggling with overwhelming debt, lawsuits, or cash flow issues, Chapter 11 bankruptcy may provide the relief you need. Chapter 11 allows businesses to restructure debt, renegotiate contracts, and continue operating while creating a court-approved repayment plan. For small businesses, Subchapter V (a streamlined form of Chapter 11) offers faster timelines, lower costs, and fewer obstacles.
At the Law Office of Andrew S. Cho, we help businesses across Anaheim, Fullerton, Brea, La Habra, and surrounding communities protect their operations, preserve jobs, and build a path toward financial recovery. We provide clear guidance in both English and Korean, ensuring every business owner understands their options.
What Is Chapter 11 Bankruptcy?
Chapter 11 bankruptcy is a federal process that allows businesses to reorganize debts while maintaining control of daily operations. Unlike Chapter 7, which liquidates assets, Chapter 11 is designed to keep businesses open by restructuring debt and developing a plan for long-term success.
Key Benefits of Chapter 11:
Stop creditor lawsuits, foreclosures, and collection actions through the automatic stay
Restructure secured loans, leases, and contracts
Address tax liabilities and repayment obligations over time
Maintain operations while developing a feasible repayment plan
Negotiate directly with creditors to create realistic solutions
Subchapter V for Small Businesses
Subchapter V, introduced in 2019, is a simplified version of Chapter 11 designed for small businesses with limited debt. It provides significant advantages, including:
Faster case timelines with fewer procedural requirements
Lower costs compared to traditional Chapter 11
No competing creditor plans, making it easier to confirm your plan
The ability for owners to retain their interests in the business without meeting the “absolute priority” rule
This option is often ideal for Anaheim small business owners who want to reduce costs while reorganizing effectively.
Who Should Consider Chapter 11 Bankruptcy?
Chapter 11 may be right for:
Small to mid-sized business owners facing lawsuits, foreclosure, or overwhelming debt
Companies that need to renegotiate commercial leases or supplier contracts
Businesses with valuable assets or operations they want to preserve
Entrepreneurs who believe their business can succeed once debt is restructured
Our Anaheim bankruptcy attorney will carefully evaluate your business’s financial situation to determine if Chapter 11—or Subchapter V—is the best solution.
The Chapter 11 Process
Initial Consultation – We assess your business’s financial health and goals
Case Filing – An automatic stay immediately halts collections, lawsuits, and foreclosures
First-Day Motions – We work to stabilize operations and cash flow from the start
Plan Development – Together, we create a feasible plan for debt repayment and restructuring
Court Confirmation – The bankruptcy court reviews and approves your plan
Implementation – Your business continues operating under the confirmed plan
Why Choose the Law Office of Andrew S. Cho
Local representation: Serving Anaheim and nearby Orange County businesses
Extensive experience: Skilled in Chapter 11 and Subchapter V cases
Practical guidance: Clear, straightforward advice tailored to your business goals
Bilingual support: Services available in English and Korean
We understand how stressful it can be to balance running a business with overwhelming financial pressure. Our role is to make the Chapter 11 process as smooth and manageable as possible.
“He is not only the best lawyer but also very generous and kind, he made me feel like he was my older brother.”
Kevin C.
“Above and Beyond”
“If you're in need of legal representation, look no further than Andrew Cho.”
Anonymous
“Highly Recommend”
“We would like to thank the attorney and office manager Eunice Peak for their kind and attentive assistance.”
Eric
“Great to Work With”
“Made the whole process easy and great to work with.”
Alan
“Highly Recommend”
“I worked with Andrew and Eunice for my bankruptcy case, and they went above and beyond in securing my assets, helping me understand all of my options, and clearly outlining what to expect.”
Angela S.
“Kindness, Honesty, and Competency”
“With my legal matter now resolved, I will always be thankful for Andrew and Eunice's guidance, professionalism, competence and empathy.”
Richard K.
“Knowledge and Professionalism”
“I was very impressed and helped by the lawyer and the office manager's knowledge and professionalism in the related field.”
Caroline P.
“Highly Recommend”
“They are experts who understood the situation and did their best to help me.”
Can I keep running my business during Chapter 11? Yes. In most cases, you remain in control of your business while operating under court oversight.
What is the difference between Chapter 11 and Subchapter V? Subchapter V is a streamlined version of Chapter 11 for small businesses that offers reduced costs and faster results.
How long does Chapter 11 last? Traditional Chapter 11 cases can take a year or more, but Subchapter V cases often move more quickly.
Will creditors work with me? Yes. Chapter 11 encourages negotiation with creditors, and the court can approve a plan even if not all creditors agree.
Speak With a Chapter 11 Bankruptcy Attorney in Anaheim, CA
If your business is overwhelmed with debt but has the potential to succeed, Chapter 11 or Subchapter V may give you the time and structure you need to rebuild. The Law Office of Andrew S. Cho is here to help you protect your business, your employees, and your future.
Call our Anaheim office today at (714) 384-7633 or request a free consultation online. We proudly serve business owners throughout Anaheim, Fullerton, Brea, La Habra, and the greater Orange County area.
