South Texas Chapter 11 Bankruptcy Lawyer
Whether an individual or business, making the decision to file for bankruptcy may be difficult. One option you may wish to consider, if you have a large amount of debt and would like to keep your company open while reorganizing your debt, is a Chapter 11 bankruptcy. Chapter 11 bankruptcy involves the restructuring of debt and the completion of a payment plan by the debtor. Upon the successful completion of the payment plan, all eligible debt would be discharged.
Interested in talking about your options in filing for bankruptcy? A South Texas Chapter 11 bankruptcy lawyer at our law firm can help. We can talk to you about your options, your current financial situation, your goals for the future, and how filing a Chapter 11 bankruptcy may affect you. With our extensive experience in this field and our dedication to properly representing our clients' interests, you can count on an attorney at the Malaise Law Firm to provide you with the honest, straightforward advice and information you need to make an educated decision about filing for bankruptcy, including whether a Chapter 11 case is the right option for you or your company. Our firm represents clients in Chapter 11 bankruptcy cases throughout all of South Texas, including in Harlingen,
Brownsville and the surrounding areas. Your initial consultation is free and confidential.
How a South Texas Chapter 11 Bankruptcy Works
Under a Chapter 11 bankruptcy in South Texas, an individual or business would typically be able to keep most or all of their assets. There is no limit to the amount of debt that can be restructured in a Chapter 11 case, and in this situation the debtor would create a specific repayment plan to make regular payments that would be dispensed to creditors, most often by a bankruptcy trustee assigned to the case. When a business files for bankruptcy under Chapter 11 of the U.S. Bankruptcy Code, the company would most likely be able to remain open, although the operation of the business would be conducted under the supervision of the court.
To learn more about Chapter 11 bankruptcy in South Texas and how our firm can help you, contact a bankruptcy attorney at our law offices today!