Most commonly used for business liquidation and restructuring, Chapter 11 bankruptcy is a way for corporations and partnerships to reorganize their debts. In fact, Chapter 11 cases are typically referred to as “reorganization bankruptcies”. They allow the debtor to freeze all collection attempts from creditors through the court system. Businesses filing Chapter 11 will be under the supervision of the courts, with the presiding judge deciding whether or not to appoint a trustee.
Specialization in Business Bankruptcies
Reese Baker is Board Certified by the Texas Board of Legal Specialization in Business Bankruptcy and by the American Board of Certification in Consumer Bankruptcy. Other Houston bankruptcy attorneys at Baker & Associates’ have extensive experience in complex business bankruptcies. Reese W. Baker has helped businesses reorganize their debts under the federal and Texas bankruptcy code since the mid-1980s as a bankruptcy attorney. Houston based business bankruptcy strategies are aimed at helping you use bankruptcy as a tool to reach your goals.
Chapter 11 Bankruptcy Laws
Chapter 11 bankruptcy code involves many sections and different nuances than a typically bankruptcy case, especially when executor contracts and stocks are involved. Baker & Associates has the experience to help your company continue running, and cancel some of its debts under existing Chapter 11 bankruptcy laws.
Chapter 11 Bankruptcy Attorney
Baker & Associates has the multi-industry Chapter 11 bankruptcy experience your business can count on. We handle tough Chapter 11 cases in all industries including:
Energy: Oil & Gas, Renewable Energy, Mining, Natural Gas, & Traditional Power
Real Estate: Hospitality, Real Estate Finance Companies, Real Estate Agencies, REIT’s
Telecommunications: Computer Networking Services, High-Tech/Emerging Technologies, Private Equity,
Financial Service Firms: Consumer Finance, Commercial Finance, Insurance Companies, Banking Institutions
Manufacturing: Chemical, Automotive, Electrical, Medical Equipment, Machinery, Transportation Equipment
Chapter 11 Bankruptcy
One begins a Chapter 11 bankruptcy case when a petition is filed with the bankruptcy court in their designated area of residence. When your company is being faced with legal actions from creditors or foreclosure of assets, you need to be able to take serious action immediately. Baker & Associates supplies you with the information that your organization needs during the process in order make those informed decisions. Check out our Baker & Associates Forms Page for additional information and resources.
How to File for Chapter 11 Bankruptcy
Of all the types of bankruptcy, Chapter 11 can be the most complex. Chapter 11 bankruptcies often take an inordinate amount of time as well, which can limit the chances of a successful outcome. Baker & Associates, will help you to get the time you need to obtain sufficient debtor in possession financing in order to keep your business running. In order to have a better chance to succeed in a Chapter 11 filing, your first step should be to contact an experienced business bankruptcy attorney to ensure the process is done right, from start to finish.
Texas Chapter 11 Bankruptcy
In Houston, a rehabilitated company is better for employees and the community in general than a company that goes out of business. At Baker & Associates, out attorneys are dedicated to ensuring that your company survives and thrives after declaring Chapter 11.