Chapter 11 Bankruptcy Dallas, TX
The current economic environment creates many financial challenges for businesses. By restructuring debt through Chapter 11 bankruptcy, businesses in Plano, Frisco, Dallas, and throughout the state can continue operations during the process and emerge debt-free. The process is detailed and complex. Whether you operate a corporation in Dallas, co-own a Plano partnership, or own a sole proprietorship in Frisco, I am a board certified bankruptcy attorney who has the skills and resources to guide you through the process and help you get your business back on track.
How Chapter 11 bankruptcy works
Chapter 11 is open to all business without regard to size or any debt limitations. It enables companies to restructure secured debt, reduce unsecured debts, and continue in operation. It is a very complex process which must be custom tailored to suit the needs of your specific business. The goal of Chapter 11 is to propose a plan of reorganization which allows the business to restructure secured debts, reduce the amount due to unsecured creditors, extend the length of loans, move to a better or cheaper location, liquidate or give back unneeded equipment and a host of other options for returning profitability to a struggling business. If the Plan of Reorganization receives the vote of enough creditors and is approved by the Court, the newly reorganized business continues operations as restructured through the Plan.
As a board certified specialist in both consumer and business bankruptcy I have years of bankruptcy and trial experience and I have passed a series of advanced examinations in thes fields. I receive recommendations from bankruptcy judges and attorneys, and I can be vital to the proper execution of your case in Dallas, Frisco, or Plano, TX.
Business reorganization can be very complex. In addition to addressing all issues of business operations, a business bankruptcy can impact your individual finances. As a bankruptcy attorney, I have the skills and experience to help find the right solutions and address all details needed to help businesses work toward financial freedom. By the end of your free consultation, you can gain a clear understanding of whether Chapter 11 bankruptcy or another solution is right for you—and exactly what to do next. Call me at 214-696-6200, send an email, or stop by my office to find the fresh start you need.