Texas Attorney serving clients throughout Dallas and Tarrant Counties
The U.S. Bankruptcy Code provides a legal avenue to help individuals and businesses pay off debt and regain financial stability when faced with insolvency. Among the many types of bankruptcy available, Chapter 11 offers protection specifically for corporations, partnerships and sole proprietorships in dire financial straits.
The primary feature distinguishing Chapter 11 from other types of bankruptcy is a provision for reorganization. Under Chapter 11, the debtor usually proposes a plan of reorganization to stay in business while a bankruptcy court oversees the reorganization of the company's contractual and debt obligations. The court may grant complete or partial relief from most of the company's debts and its contracts, allowing the company to start anew.
Whether your business is considering voluntary filing of a petition for a Chapter 11 bankruptcy or your creditors are forcing your company to seek reorganization under Chapter 11, you will be dealing with a complicated process with stringent legal requirements. Choosing a qualified bankruptcy attorney is crucial to provide legal advice, guide you through the legal complexities, and protect the interests of your business and its stockholders.
At the Law Office of Areya Holder, P.C. located in Irving, we have extensive experience representing small–to–medium corporations and partnerships with Chapter 11 bankruptcy filings. We understand you may have exhausted all remedies to stay in business and need legal help to evaluate options under the U.S. Bankruptcy Code to provide debt relief. Contact us online, or call our law firm today at (972) 438–8800 to arrange a free, confidential consultation.