Bankruptcy for Businesses
Chapter 11 Bankruptcy for Businesses
Chapter 11 Bankruptcy is the most complex type of bankruptcy. This type of bankruptcy requires the expertise of a McKinney, TX,
bankruptcy lawyer. While a person can represent themselves in a bankruptcy case, a business bankruptcy requires that a legal entity be represented in court. A skilled attorney can make the difference between a successful repayment of debt and a business going under. Advice on how to file documents, creditors, repossession, foreclosure, and the repayment plan is essential. Contact a McKinney, TX, bankruptcy lawyer for more information about Chapter 11.
Individual Chapter 11 Bankruptcy
For those filing for Chapter 13 bankruptcy, there are specific debt limits. Chapter 13 bankruptcy is only available to some. However, anyone who qualifies may be able to resolve their debts through Chapter 11. Individuals can use Chapter 11 to settle their debts and get back on track financially.
Chapter 11 allows for the restructuring of cases. The amount can be much more significant in a Chapter 11 case. Chapter 11 allows all creditors to vote on a reorganization plan.
A McKinney, TX, bankruptcy lawyer can help you discuss Chapter 11 bankruptcy if your debts exceed Chapter 13 bankruptcy’s debt limit. Chapter 11 bankruptcy can provide you with the protection you need. However, you will need solid legal assistance during the Chapter 11 process.
What can a Chapter 11 bankruptcy do?
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We believe that you are entitled to outstanding representation. It is my understanding that anyone is one job loss or one unexpected emergency away from the need for a bankruptcy attorney. All of my clients are good people who have been the victims of bad circumstances. At this firm, you will meet with an attorney at your initial consultation at no charge to you. We can provide a free estimate at this time.
We file consumer bankruptcy cases in the Eastern District of Texas Sherman Division which includes all of North Texas. This covers all of Collin, Cook, Dallas, Denton, Grayson, Hunt, and Rockwall counties.
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