When a business files for bankruptcy, it may, under most circumstances, either file for Chapter 7 or Chapter 11 bankruptcy in Tarrant 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 Tarrant 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.
Arlington Lawyer Referral Service - The Arlington Bar Association operates a non-profit Lawyer Referral Service ("LRS"). For the last twenty years, the LRS has helped individuals and businesses find a qualified attorney in the City of Arlington, Tarrant County, and the surrounding areas of the greater Dallas-Fort Worth metropolitan area. In 2014, the Arlington Bar Association added a Board Certified Panel to the LRS when "one is desired, normally due to perceived difficulty, importance, or complexity of the legal matter."
Tarrant County Bar Lawyer Referral Service - The Tarrant County Bar Association (TCBA) in Fort Worth, TX, sponsors a non-profit Lawyer Referral Service (LRS). This community based non-profit service helps people find an attorney in Tarrant County, Johnson County, Wise County, Parker County, Denton County, and Hood County, TX.