I believe strongly in listening. By carefully listening to my clients, I can help... more
I believe strongly in listening. By carefully listening to my clients, I can help them prioritize their needs and reach decisions that make the best sense for them, their companies and/or their families. Similarly, I listen carefully to the judges, trustees, co-owners and adversaries so that I can help them obtain what they really want from the transaction, while at the same time helping... view profile
Chris Samis focuses his legal practice on corporate bankruptcy, restructuring and... more
Chris Samis focuses his legal practice on corporate bankruptcy, restructuring and other insolvency-related matters. He routinely represents both debtors and creditors in chapter 11 and chapter 7 bankruptcy cases in the United States Bankruptcy Court for the District of Delaware. Chris also represents assignees for the benefit of creditors in the Chancery Court of Delaware.
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.
Chapter 11 Bankruptcy Attorneys in cities near Montchanin, DE