Business Bankruptcy Lawyers in Travis County, TexasWhen a business files for bankruptcy, it may, under most circumstances, either file for Chapter 7 or Chapter 11 bankruptcy in Travis 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 Travis 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.
Austin Lawyer Referral Service of Central Texas - The Austin Bar Association sponsors the Lawyer Referral Service of Central Texas, Inc. Since 1966, this non-profit Lawyer Referral Service has helped the public find a qualified attorney in Austin, TX, and the surrounding areas of central Texas. Each year more than 12,000 callers are referred to local attorneys in Travis County, Williamson County, Hays County and Bastrop County, TX.
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