Chapter 11: Restructuring of Debt
for Businesses & Individuals
Reorganize debts while allowing continued operations.
Chapter 11: Restructuring
of Debt for Businesses
& Individuals
Reorganize debts while allowing continued operations.
Chapter 11 bankruptcy is a form of bankruptcy reorganization available to individuals, corporations and partnerships. It has no limits on the amount of debt, as Chapter 13 does. It is the usual choice for large businesses seeking to restructure their debt.
Individuals Usually File Chapter 7 or Chapter 13 Rather than Chapter 11.
The debtor usually remains in possession of its assets, and operates the business under the supervision of the court and for the benefit of creditors. The debtor in possession is a fiduciary for the creditors. If the debtor’s management is ineffective or less than honest, a trustee may be appointed.
A creditors committee is usually appointed by the U.S.Trustee from among the 20 largest, unsecured creditors who are not insiders. The committee represents all of the creditors in providing oversight for the debtor’s operations and a body with whom the debtor can negotiate an acceptable plan of reorganization.
Why Barron and Barron?
What makes Barron & Barron Law Firm the Right Choice for your Texas Bankruptcy?
Barron & Barron, LLP, is an experienced law firm with two Board Certified Consumer Bankruptcy Attorneys and Certified Public Accountant on our staff. Our attorneys exclusively handle all Chapter 7, Chapter 11, and Chapter 13 bankruptcies for individuals, families and businesses which ensures we are highly qualified. We are up to date on all bankruptcy laws and have probably handled a case just like yours.
Our attorneys have filed more Bankruptcy cases than any other attorney in the Eastern District of Texas in the last 24 years and have over 60 years of Bankruptcy Law experience.
Barron & Barron law firm is family owned. We understand your situation and have the experience to help you regain control of your finances. Let the Barron Law Firm help you to become debt free again. We can help put you back on track to a financial freedom.
Don’t Face Your Financial Troubles Alone