When a business files for bankruptcy, it may, under most circumstances, either file for Chapter 7 or Chapter 11 bankruptcy in Jefferson 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 Jefferson 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.
Jefferson County Lawyer Referral Service - The Jefferson County Bar Association in Beaumont, Texas, established a Lawyer Referral Service. The non-profit service helps the public find a qualified attorney throughout Jefferson County, TX. The referral requires a $20.00 consultation fee which entitles the person to a 30 minute consultation with a qualified attorney at no additional charge.