Kevin Heupel is the owner of Heupel Law, which is the largestconsumer bankruptcy... more
Kevin Heupel is the owner of Heupel Law, which is the largestconsumer bankruptcy firm in Colorado.Mr. Heupel began his legal careeras an assistant attorney general for Colorado Attorney Generals Gail Norton and Ken Salazar. Mr. Heupel prosecuted a variety of cases where he honed his litigation and negotiation skills. As a result, Mr. Heupel is well versed in formulating trial strategies to reso... view profile
Michael J. Davis is a partner in the law firm of Archer Bay with offices in Denver,... more
Michael J. Davis is a partner in the law firm of Archer Bay with offices in Denver, Chicago, and Florida. Mr. Davis has been involved in over 100 Chapter 11 cases representing both Debtors and Creditors and successfully reorganized Debtors that paid creditors 100 cents on the dollar and returned a surplus to shareholders.
If you own a business that owes money but needs time to repay it, you may require the services of a Chapter 11 bankruptcy attorney. When a company attempts to stay in business and files Chapter 11, the bankruptcy court supervises the company's reorganization of debts and contracts for repayment. This means the company can negotiate for later due dates, or pay the debts for less, with the creditors' and court's agreement. If there's simply not enough money to manage the debts even with extra time, then the Chapter 11 is converted to a Chapter 7 and the company ceases to exist. Other times, creditors take ownership of the company to try to salvage their losses. Chapter 11 attorneys can help you navigate the process and predict the legal consequences of filing under Chapter 11, whether you are a debtor or a creditor.