My name is Dave Falvey. I'm a bankruptcy attorney for Connecticut and more... more
My name is Dave Falvey. I'm a bankruptcy attorney for Connecticut and more specifically for the New London County area. I have been successfully practicing for approximately 30 years and have helped thousands of clients get their finances back on track. Not only am I a bankruptcy specialist , but I also offer decent alternatives to bankruptcy with a vast knowledge of debt management and ... view profile
AV Rated By Martindale. Chair Professional Discipline Committee of the CBA. Member... more
AV Rated By Martindale. Chair Professional Discipline Committee of the CBA. Member Executive Committee of Commercial law & Bankruptcy Section of the CBA. Member: American Bar Association, American Bankruptcy Institute. A Note about the "Reprimand." Integrity is extremely important to me. I accepted a reprimand for refusing to abandon my ethical obligation to my clients in a superfund... view profile
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.