If you are a business owner and your company is struggling with debt, there are options under the Bankruptcy Code that will allow you to continue operating while you manage your debts. At The Law Office of William T. Peckham, we help businesses in the Austin, Texas area file for Chapter 7 or 11 bankruptcy and get their finances in order.
Business Bankruptcy Attorneys Serving Travis County And Beyond
Chapter 11 is known as a type of “reorganization” bankruptcy, in that it allows a business to keep operating while making the necessary changes to exit the bankruptcy process as an entity that is no longer saddled by debt.
Chapter 11 bankruptcy may provide your business the crucial lifeline it needs to keep operating. We can help your company get through the process and emerge as a more efficient operation.
Your business will devise its own reorganization plan that a majority of your creditors and a bankruptcy judge must approve. This plan may include restructuring, selling assets, merging with another company and shedding burdensome contracts and leases. It is an extremely complicated process that should not be done without experienced lawyers representing you. We can help you make all the necessary decisions and negotiate repayment plans with your creditors.
Helping Texas Businesses Get Through Bankruptcy
If you think filing for Chapter 7 or 11 bankruptcy may protect your business for the long term, contact The Law Offices of William T. Peckham to speak with an experienced Chapter 11 attorney in Austin. We can get you and your business a new start. Call 512-487-7604 today.
We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.