Dallas Chapter 11 Bankruptcy Lawyer
Is your small business or corporation facing difficult financial times? Have you taken out debts that are getting more and more difficult to pay back? Are the bills for your business piling up with no end in sight? Rather than shut down your business because it has hit a rough patch, it may be better for you to file for Chapter 11 bankruptcy.
At Gagnon, Peacock & Vereeke, P.C., our Dallas Chapter 11 bankruptcy lawyers know that the financial relief bankruptcy offers can be a vital asset to keeping a business running. Our team of lawyers is prepared to provide legal help throughout the procedures involved in bankruptcy. Contact us today at (214) 317-4448 to discuss your case with one of our knowledgeable staff members.
Why You Need a Lawyer
Filing for bankruptcy is a complicated, intricate process that you have likely never gone through before. It isn’t as simple as filling out and submitting a form. Filing for Chapter 11 bankruptcy requires creating a restructuring plan that will help your business succeed in the future. Creating a plan that will satisfy the courts requires substantial knowledge of the law and the bankruptcy process. A lawyer can ensure that you create a restructuring plan that will be profitable to you in the future, while also satisfying the courts in the present. Furthermore, a lawyer can help protect any assets you want to hold onto and ensure they aren’t lost in the process.
Why Choose Gagnon, Peacock & Vereeke, P.C.?
Gagnon, Peacock & Vereeke, P.C. has the attorneys and staff you want on your side when pursuing a Chapter 11 bankruptcy. We have a strong presence and history in Dallas serving companies that need help in restructuring their business’s finances and debts. We know how to assess each company’s case as the unique and individual situations they are in order to successfully file for Chapter 11 bankruptcy. We have helped various area businesses get their financial futures in line and can help you and your business in the same manner.
Filing for Chapter 11 Bankruptcy in Dallas/Fort Worth
When a business has a substantial number of debts that they are unable to pay, it may be time to consider Chapter 11 bankruptcy as an option. Hiring a bankruptcy lawyer can help you on your way to a stable and financially profitable business again. Our firm can help you understand the following:
- Benefits of Chapter 11
- Chapter 11 Eligibility
- Chapter 11 Filing Process
- Post-Filing Challenges
- Preparing for Restructuring and Securing Your Business’s Financial Future
Bankruptcy is a long and complicated process that a skilled bankruptcy attorney can help you handle. Our team at Gagnon, Peacock & Vereeke, P.C. wants to help get your business back on its feet.
Frequently Asked Questions
Often, our clients come to us with questions regarding their bankruptcy needs. Some of the most common questions we answer include:
What is Chapter 11 Bankruptcy?
Small businesses and corporations that find themselves struggling financially may be eligible to apply for Chapter 11 bankruptcy. Chapter 11 is primarily used as a restructuring platform for businesses in order to make them profitable again. It allows businesses to create a plan that adheres to financially stringent guidelines while also promoting a profit in the future.
Will Chapter 11 Bankruptcy affect my personal credit and finances?
The answer to this question, though everyone hates it, is: it depends. Depending on what kind of business entity you have, whether you have any correlative personal liability for debts incurred by the business, and various other factors, Chapter 11 bankruptcy may or may not affect your own financial history and credit. Typically, a Chapter 11 bankruptcy will not affect you personally; however, it is best to consult with an attorney for the reasons stated above to see if your business entity fits one of the exceptions that would extend the ramification of a Chapter 11 bankruptcy to your own credit. Because of this possibility, it is important to weigh the benefits of filing for bankruptcy with this risk. An attorney can help you decide whether filing for Chapter 11 is really the best choice for you and your business.
Is Chapter 11 Bankruptcy the only way to get my business’s finances straightened out?
Although there are other corporate and business bankruptcy filings, Chapter 11 is one of the most commonly filed and generally applicable to the needs of a majority of domestic businesses and corporations. However, the details regarding the process and whether certain (i.e., foreign) debts can be addressed in Chapter 11 can get confusing. Therefore, it is best to consult with an attorney regarding your options and whether solely filing for Chapter 11 is right for you or whether you also need to file for another bankruptcy type at the same time (such as Chapter 15 for foreign debts).
Contact a Dallas Chapter 11 Bankruptcy Attorney Today
If you or someone you know is considering filing for bankruptcy, contact a Dallas Chapter 11 bankruptcy lawyer to get help with the legal proceedings involved. The experienced bankruptcy attorneys at Gagnon, Peacock & Vereeke, P.C. want to help walk you through the process of filing for bankruptcy. We understand the complexities of Chapter 11 bankruptcy laws and are ready to apply these laws to your specific situation to get you the legal results you deserve. Please call (214) 317-4448 to learn more about the legal services we offer and how we can help you.