My name is John Davis. I was born in 1944 in Austin, Texas. I graduated from a very... more
My name is John Davis. I was born in 1944 in Austin, Texas. I graduated from a very small rural High School in Manor, Texas in 1962. My parents had a farm but no money. By working and getting what little help my parents could give me, I managed to graduate from the University of Texas in 1966 and from St Mary's Law School in 1970. Since 1983 I have been exclusively a bankruptcy lawyer. I ha... 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.
Chapter 11 Bankruptcy Attorneys in cities near Haltom City, TX