Business Bankruptcy

Dallas • Fort Worth (Ft. Worth) • Plano TX

Federal bankruptcy laws determine how companies go out of business or recover from crippling debt. Businesses can file for bankruptcy under Chapter 7, 11, or 13, depending on the way the business is structured and other factors. An attorney who practices bankruptcy law can help you determine which is the best method of dealing with overwhelming business debt.

Under Chapter 7, the company stops all operations and goes completely out of business. A trustee is appointed to "liquidate" (sell) the company's assets and the money is used to pay off the debt, which may include debts to creditors and investors.

Most publicly held companies will file under Chapter 11 rather than Chapter 7 because they can still run their business and better control the bankruptcy process. Chapter 11 provides a process for rehabilitating the company's faltering business. Sometimes the company successfully works out a plan to return to profitability; sometimes, in the end, it liquidates. A bankrupt company, the "debtor," might use Chapter 11 of the Bankruptcy Code to "reorganize" its business and try to become profitable again. Management continues to run the day-to-day business operations but a bankruptcy court must approve all significant business decisions. Under Chapter 11 reorganization, a company usually keeps doing business and its stock and bonds may continue to trade in our securities markets.

Businesses run as a sole proprietorship or as a corporation, can use Chapter 13 to stay in business and pay off its debts. Chapter 13 is the proper option for most businesses experiencing debt problems that want to continue operations. It can also provide a solution for business owners who have personal debt related to the business.

Managing partner Marcus Leinart is dedicated to helping people who are facing financial difficulties to get back to their lives in a dignified manner. A consultation is free and can be conducted over the phone.

Contact an Experienced Texas Business Bankruptcy Attorney

We offer a complimentary consultation and evaluation at one of our offices in Dallas, Fort Worth or Plano to ensure that bankruptcy is a viable option for your situation, and to discuss how the bankruptcy laws can help you and your business get a fresh start. Please schedule your no-obligation, free, confidential consultation and evaluation with an experienced business bankruptcy attorney by calling us toll-free at 1-800-518-DEBT (3328) or filling out our online bankruptcy evaluation or quick e-mail intake form.

We Provide Compassionate, Courteous Service

We understand things happen. We never judge our clients, and we are always courteous and respectful. You can be assured that we will do everything we can to help you relieve the anxiety and stress you are under. We will take the time to listen to your situation and explain your options, which may or may not include bankruptcy. If bankruptcy is a viable option, we will inform you about and guide you through the process. We can utilize bankruptcy laws to help you stop creditor harassment, foreclosures, repossessions or wage garnishments.

You Will Receive Prompt Communication and Personal Attention

We have earned our reputation for providing every client with close, personal attention. Nothing is more frustrating than being unable to have questions answered or problems addressed by your attorney's office in a timely fashion. We will return your phone calls as quickly as possible and make it a priority to address your concerns in a timely manner. Unlike many bankruptcy law firms, you will meet with an attorney on your very first visit. We are committed to helping you.

Convenient Locations

We offer multiple office locations where you can personally discuss your options and how we can help you. We have offices conveniently located in Dallas and Fort Worth. Texas. Please schedule your no-obligation, free, confidential consultation and evaluation with an experienced business bankruptcy attorney by calling us toll-free at 1-800-518-DEBT (3328) or filling out our online bankruptcy evaluation or quick e-mail intake form.

Skilled Dallas Business Bankruptcy Attorney

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