Business Bankruptcy Lawyers in Dallas County, TexasWhen a business files for bankruptcy, it may, under most circumstances, either file for Chapter 7 or Chapter 11 bankruptcy in Dallas County, Texas.
For most publicly-held companies, filing for Chapter 11 bankruptcy is better because it is a way to rehabilitate the business.
Under a Chapter 7 bankruptcy, all of the assets are liquidated and the business is generally dissolved at the end. Most businesses, therefore, prefer to file for Chapter 11 bankruptcy, in which a trustee is appointed to reorganize the company's finances.
The business may then "emerge" from bankruptcy. Contact a business bankruptcy attorney in Dallas County, Texas for legal advice.
Board Certification in Business Bankruptcy Law - The American Board of Certification (ABC) is accredited by the ABA to certify attorneys as specialists in business bankruptcy law.
NACBA serves the needs of consumer bankruptcy attorneys and works to protect the rights of consumer debtors.
Dallas Bar Lawyer Referral Service - The Dallas Bar Association operates a non-profit Lawyer Referral Service (LRS) that helps the public find a qualified attorney throughout Dallas and the surrounding areas in Plano County and Collins County, Texas. The Lawyer Referral Service requires a $20 consultation fee for a referral to a local attorney experienced in the needed practice area. In exchange for the $20 consultation fee you can receive a 30 minute consultation an attorney serving on the appropriate panel of the LRS.
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