Chicago Real Estate Restructuring: Choosing the Right Attorney
Any time a company is attempting to financially restructure due to debt, it raises a lot of questions. When facing financial default and insolvency, it is important to act quickly to preserve time, achieve stability, seek relief and avoid the adverse effects of the situation at hand. With any creditor, it is in their best interest for the business to rehabilitate and reorganize so that the debts incurred can be satisfied.
Chicago Real Estate Restructuring is Challenging
Bankruptcy is not a pleasant situation for anyone – having attorneys on your side that can assist with the debt restructuring process is vital in attempting to come out of a financial restructuring with the minimum amount of damage. As uncomfortable as filing for a Chapter 11 restructuring can be, it is an appropriate way to restructure your business debt and get your business back on the right track.
When you are dealing with real estate mergers and acquisitions and restructuring, the ability to negotiate with all parties involved in the situation is critical. Additionally, you’ll need to set a clear and realistic plan to rehabilitate the distressed financial situation the company is facing. It is important to formulate a thoughtful strategy that will help the company reach its long-term goals. In short, hiring an experienced attorney that can work with all parties involved to come up with the best solutions for your business will make the restructuring easier far more manageable.
Hiring an Attorney
There is a skill set that you want to look for when seeking out counsel to represent you during the Chicago real estate restructuring process. Qualities you want in your attorney include:
Someone who will work closely with you to craft legal solutions consistent with your individual business’s objectives.
Understanding that your business and the needs of your business are dynamic and individualized is essential in the restructuring process. Having an attorney on your side that understands the uniqueness of your situation and can provide personalized solutions is one of the most important aspects as you move forward.
You’ll need to find someone who understands your business’s industry and unique operations, and will complement those insights with their top-level knowledge of the law. They should define relevant options, discuss alternatives in clear terms, and help you with the implementation of the most effective solution.
Chicago Real Estate attorney that has experience working with situations similar to yours.
As with most attorneys, each particular lawyer will have an area of expertise that they specialize in. That experience will give them the ability to apply the lessons they have learned in prior cases to your individual situation, and provide effectiveness in their representation of your case.
A proven litigator with a hands-on approach.
As stated above, hiring an attorney who is skilled in the art of negotiating is essential to real estate restructuring. The process can and will have many different facets to it, and having someone who has thorough and in-depth knowledge of your particular case will work to your advantage.
Look for an attorney who can handle the entire process from start to finish, including trials and appeals. The right lawyer should be able to help you develop and implement sophisticated and creative strategies for dealing with all aspects of troubled loans. Your lawyer should be able to rely on their experience to provide you with ideal resolutions.
Your Chicago Real Estate Attorney Matters
As your business goes through the Chapter 11 process, it’s important to have someone on your side that understands exactly what you want to happen to your business and can effectively execute a plan that is both responsible and realistic. Bankruptcy is a way to restart and rebuild. The intent is to put your business on the right footing to have continued success and not end up with more uncontrollable debt in the future.
Searching for the right counsel can be a harrowing process. The attorneys at www.chicagorealestatelawfirm.com understand this. That is why they offer individualized services with a proven record of expertise. Some of the services offered include:
- Representation of business debtors, investors, secured lenders, and other parties in bankruptcy cases including Chapter 11 filings
- Section 363 sales, representing buyers, sellers, lenders and investors
- Preference litigation, fraudulent transfer and other bankruptcy court litigation
- Out-of-court restructurings
- Assignments for the benefit of creditors.
Contact www.chicagorealestatelawfirm.com today and take advantage of their expertise to get your business on the right track.