Dallas Chapter 11 Eligibility Attorneys
Chapter 11 bankruptcy is one of the best options businesses have when they become unable to deal with overwhelming debt. Chapter 11 allows business owners to restructure their debt while simultaneously maintaining their daily business operations. However, there are some requirements that individuals must meet in order to be able to file for Chapter 11 bankruptcy protection.
If you have any questions about bankruptcy, the Dallas Chapter 11 eligibility attorneys at Gagnon, Peacock & Vereeke, P.C. have helped many clients just like you rebuild their financial futures. Our attorneys are dedicated to addressing any concerns individuals may have during the filing process in order to alleviate the stress that may accompany financial or legal proceedings.
How to Qualify for Chapter 11 Bankruptcy
While the requirements for Chapter 11 bankruptcy are less strict than other kinds of bankruptcy options, there are still some eligibility rules that have to be met in order to qualify, including:
- The debtor must be an individual, partnership, corporation, or any other business
- The debtor must file an overview of their assets, current income, current expenses, and other financial information
- A debtor is unable to file for bankruptcy if he or she had a prior bankruptcy filing declined or failed to appear in court during a previous filing
- A debtor must receive credit counseling from an approved source 180 days before their court appearances
If you meet these requirements and are thinking of filing for bankruptcy, taking on the complicated and frustrating filing process alone can be incredibly difficult. Fortunately, the Dallas Chapter 11 eligibility attorneys at Gagnon, Peacock & Vereeke, P.C. are committed to ensuring that our clients receive excellent advice during the filing process so as to reduce the difficulty of bankruptcy proceedings.
Contact a Dallas Chapter 11 Bankruptcy Attorney
If you or someone you know is considering filing for bankruptcy, contact the Chapter 11 eligibility attorneys at Gagnon, Peacock & Vereeke, P.C. to begin your journey to a sound financial future today. Call our offices at (214) 317-4448 to learn more.