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Chapter 7, Chapter 11,
Chapter 12, Chapter 13

Mr. Wynn has been practicing Bankruptcy Law in the state of Florida for over 33 years. He is experienced in handling Bankruptcy cases including Chapter 7, Chapter 13, Chapter 11 and Chapter 12. Read More.

Charles M. Wynn,
Law Offices, P.A.

4436 Clinton St Marianna, FL 32446-3435

Phone: 850-526-3520
Toll Free: 800-780-8060
Fax: 850-526-5210

Business Hours:
Monday - Thursday
8:00 am - 5:00 pm

8:00 am - 12:00 pm

Panama City Office
Phone: 850-784-0132
Fax: 850-526-5210

Charles Wynn has recently earned the Client Distinction Award.

This honor has been made possible by clients who have taken the time to compliment you in the following areas:

✓  Communications Ability
✓  Responsiveness
✓  Quality of Service
✓  Value for Money

Panama City Chapter 11 Bankruptcy Attorney

Chapter 11 Bankruptcy is available to both individuals and businesses. Individual Chapter 11 bankruptcy applies to any individual or couple with unsecured debts in excess of $336,900.00 and secured debt in excess of $1,010,000.00. Chapter 11 for individuals may also apply for individuals with less debt depending upon the particular circumstances. For a business such as a corporation, limited liability company, partnership, or joint venture, filing Chapter 11 can help save the business.  When a business files Chapter 11 Bankruptcy, it has an opportunity to stop collections and levies while determining a way to repay its debts. During the Chapter 11 process the Debtor has protection from its creditors while it operates under the protection of the Bankruptcy Court. The Debtor has an exclusive period of time to file a Plan of reorganization.

If you are considering filing Chapter 11 bankruptcy for yourself or your business, contact Attorney Charles Wynn today.  Mr. Wynn has over 33 years of experience as a Bankruptcy Attorney, and can help you to make the best decisions for yourself and your company. Charles Wynn has handled reorganization cases from a few thousand dollars to over $16 million dollars.

For Individuals after Filing:

  • Collections stop immediately
  • Retain control of your personal finances
  • No payments are made to pre-petition Creditors without Court approval
  • Create a Plan for Repayment
  • Creditors Must Approve Repayment Plan

The individual Chapter 11 is for a 60 month term in which the Debtor commits his net disposable income (income which available to pay debts after reasonable expenses) to unsecured creditors. At the end of the plan term, all remaining unpaid unsecured debt is discharged. Secured debt can be restructed to cure missed payments but the terms of the mortgage on a principal residence cannot be modified. In the individual Chapter 11, the Debtor will retain his assets and creditors will be paid more than they would receive if the Debtor was liquidated under a Chapter 7. Creditors can vote on an individuals Plan just like they can vote in a business case, but a Plan can be confirmed over creditor objections if the Debtor’s net disposable income is paid to creditors during the Plan term.

For Businesses after Filing:

  • Collections stop immediately
  • Retain control of your business finances
  • No payments are made to pre-petition Creditors without Court approval
  • Create a Plan for Repayment
  • Creditors Must Approve Repayment Plan

When a company files for Chapter 11, collections immediately stop. The company will close all open accounts and open what is called a Debtor-in-possession account at a bank which is approved by the U.S. Trustee’s Office to handle deposits for Chapter 11 debtors. The debtor will retain control of its finances, but will file monthly operating reports with the Court. Creditors are restrained from contacting the Debtor. Secured creditors can begin to file motions with the court to have their interest in collateral protected. The Bankruptcy Code establishes time periods when a plan must be filed and these time periods can be modified with Court permission.

The Chapter 11 is designed to keep the Debtor in business with the hope of successfully reorganizing. The Debtor must prepare a Disclosure Statement which must be approved by the Court. The Disclosure Statement will explain who the Debtor is, its history, why the Debtor filed for relief under Chapter 11, a summary of its assets and liabilities, and a summary of how it intends to repay its creditors. It should provide sufficient information for a creditor to cast a vote on the Plan. The Plan of Reorganization essentially summarizes and in some instances re-writes the Debtors financial obligations with creditors. Creditors are divided into classes and are able to vote on the Plan. At least one class of creditors whose rights have been affected by the Plan must vote in favor of the Plan in order for it to be approved.


A business or an individual that is having difficulty paying creditors on time may want to consider filing a Chapter 11 Bankruptcy to help gain time to pay back debts.  Chapter 11 Bankruptcy can also help to reorganize and restructure debts and finances to help a company turn around and become profitable or enable an individual to repay creditors and retain assets.  Many Chapter 11 Bankruptcy clients are able repay 100% of their debt with interest by restructuring payment terms. Chapter 11 Bankruptcy is a complicated and sometimes very long process that requires the help of a knowledgeable attorney experienced in bankruptcy. If you are considering filing Chapter 11 Bankruptcy for your company or yourself in Marianna, Panama City, or in another Florida city, contact Attorney Charles Wynn today to schedule a confidential meeting to discuss your options.

"Charlie care" is a slogan we developed to describe a plan for individuals who knew they were facing future medical expenses which they would be unable to afford. We would place the individual into a Chapter 13 Bankruptcy for a 3 to 5 year period.

When the medical event occurred they have three options:

1. Modify their budget to repay the medical expense

2. Convert their case to a Chapter 7 and discharge the new debt, or

3. Dismiss their case and re-file to bring in the new debt under the Chapter 13 umbrella of protection.

Often times, an immediate Chapter 7 will provide the short term debt relief, but prevents the individual from filing another Chapter 7 due to exorbitant medical expenses for 8 years.

The hiring of a bankruptcy attorney is an important decision that should not be based solely upon advertisements. Before making an informed decision, contact us to discuss your specific case and our qualifications. This website is designed for general information only. The information presented at this site should not be construed to be formal legal advice nor the formation of a lawyer-client relationship. If you are considering bankruptcy and would like to discuss the specifics of your case, please contact our offices today or email us your case information.