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Featured
Featured · October 10, 2026 · 7 min read

8 Questions to Ask a Business Bankruptcy Lawyer in Indianapolis

If you’ve been hit with a judgment, suffered a sudden downturn of business, or are just overall not making money with your business, then you may have considered bankruptcy. However, the process of bankruptcy requires a…

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Delancey Editorial
Delancey Team
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7

October 10, 2026
7 Parts of a Chapter 11 Reorganization Plan
The difference between filing and confirming: a filing sets up your potential to turn the business into a long-term going concern; confirming a plan…
DE Delancey Editorial

8

October 10, 2026
8 Questions to Ask a Business Bankruptcy Lawyer in Dallas
Declaring business bankruptcy can often bring welcome relief from debt. Unfortunately, several stops along the way may also strain owners and management, or even…
DE Delancey Editorial

7

October 10, 2026
7 Ways an Assignment for the Benefit of Creditors Differs From Bankruptcy
A business can’t stay open if it can’t pay its bills. Typically, business owners in this situation assume the only solution is bankruptcy. But…
DE Delancey Editorial

6

October 10, 2026
6 Differences Between a Commercial Bankruptcy Attorney and a Consumer One
For debt issues, it depends on who owes the money: you, your company, or both. If it is only you, you need a consumer…
DE Delancey Editorial

CHAPTER

October 10, 2026
Chapter 7, 11 and 13: 9 Differences for Business Owners
Chapters 7, 11 and 13 are different kinds of bankruptcies for different financial situations. Chapter 7 shuts down a business and a trustee sells…
DE Delancey Editorial

9

October 10, 2026
9 Things That Happen After a Company Files Chapter 11
If your company files for Chapter 11, much of what happens during the bankruptcy process will unfold over the coming months or even years.…
DE Delancey Editorial

8

October 10, 2026
8 Steps to Liquidate a Business That Owes More Than It’s Worth
The law does not provide a simple way to walk away from all the business liabilities with a clean slate. If you owe more…
DE Delancey Editorial

7

October 10, 2026
7 Things to Know Before Hiring a Chapter 11 Attorney on Long Island
Do It Sooner Rather than Later If your business on Long Island is sinking under debt and Chapter 11 has started to look like…
DE Delancey Editorial

8

October 10, 2026
8 Questions to Ask a Business Bankruptcy Lawyer in Raleigh
Maybe the rent was too high. Perhaps the customers are upset. Perhaps the cost of supplies soared. Whatever the reason, your business is drowning…
DE Delancey Editorial
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Insights

Top questions

What is business debt settlement?
A negotiation process where a business resolves its commercial debts (MCAs, SBA loans, equipment finance, lines of credit) for less than the full amount owed, typically by demonstrating financial hardship. Distinct from bankruptcy, settlement is a private contractual agreement.
Is it the same as Chapter 11?
No. Chapter 11 is a court-supervised reorganization. Settlement is a private negotiation, faster, less public, and usually cheaper. We sometimes refer clients to Chapter 11 when the math favors it.
Will it ruin my credit?
Defaulted accounts are reported regardless of whether they are settled or not. Settlement actually shortens the period of damage by closing the account.
How long does it take?
Every engagement is different. Timelines depend on the number of positions, whether litigation is filed, and how each creditor responds. We do not publish averages because publishing one would set an expectation we cannot honor for every business. We give you a written, engagement-specific timeline at the end of the first call.
What does it cost?
Our fee is a percentage of your total enrolled debt. We tell you exactly what we'll charge in writing before any work starts.
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