Chapter 11 Bankruptcy
A corporation, partnership or limited liability company experiencing major problems with increasing debts may be able to stay in business by filing for Chapter 11 bankruptcy. The company’s finances are reorganized according to a plan approved by their creditors.
Many well-known companies in the United States have filed for Chapter 11 bankruptcy and are still operating .
Trusts and Estates
When preparing for the future, Korompis Law can assist with estate planning. Creating a trust means that after your death, your distribution of your estate can bypass the courts and save your family time, stress and legal fees. Trusts can also provide structure for children or grandchildren too young to handle an inheritance. Irrevocable trusts can also protect your assets from creditors.
Korompis Law handles estate administration and can provide executor services for their clients to distribute assets to their designated heirs.
Nancy Korompis is a graduate of University of Florida and Pace University School of Law (NY). She is a member of the Pasadena Bar Association, the San Gabriel Bar Association, and the Central District Consumer Bankruptcy Attorney Association.