Arlington Business Bankruptcy Attorneys
Create New Opportunities out of Financial Difficulty - Serving All of Texas
At Norred Law, we know that considering bankruptcy protection is not easy for any business owner. Our Dallas-Fort Worth bankruptcy attorneys learn our clients’ priorities and goals for their businesses and propose practical solutions to achieve them. Our team has extensive experience steering businesses toward a brighter financial future. We serve clients in Texas and throughout the United States.
To learn more about your options, contact the business bankruptcy attorneys from Norred Law at (817) 500-9433 today.
Choosing Chapter 7 or Chapter 11 for a Business
Depending on your business’s financial situation and your long-term goals, either Chapter 11 or Chapter 7 bankruptcy can be an effective way to reset your business’s finances or wrap up your business and move on to other ventures.
Business looking to file for bankruptcy can choose from:
- Chapter 11 bankruptcy: A form of debt restructuring that allows a business to reorganize outstanding debts and establish a payment plan based on future earnings. For businesses that wish to keep operating, Chapter 11 provides a path toward business renewal and eventual growth using a plan of reorganization that can eliminate business sites and leases that are unprofitable while keeping other sites alive.
- Chapter 7 bankruptcy: Bankruptcy in which the assets of a business are gathered and sold; the proceeds are used to settle claims from individual creditors. In most cases, any debts that remain are uncollectable and the business entity shields owners from liability. Chapter 7 bankruptcy is most often pursued by businesses that are looking to close but have some valuable assets.
Norred Law can help you understand which option is best suited for your situation.
Our Arlington Business Bankruptcy Attorneys Can Help
At Norred Law, we have the experience to sort through the most complicated finances and business operations. We anticipate our clients’ questions and make sure they know what to expect from the bankruptcy process.
Many bankruptcy attorneys have never filed a Chapter 11 petition and avoid adversary proceedings in bankruptcy at all costs. Without these tools, an attorney cannot provide the most effective advice and representation. At Norred Law, we do not shy away from tough cases. If you have a business in financial turmoil, seek the support of our experienced attorneys in Texas.
Our high-powered attorneys are ready to utilize their knowledge, skill and experience to provide strategic solutions to your legal needs.
Client Testimonials Opinions that Matter Most
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"Fantastic Help for Family Estate"Chad Lampe helped my family with my father’s estate. He was very professional and courteous through the whole process. I would recommend this law firm to anyone.- Amy L
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"Norred Law comes with my highest recommendation to protect your interests."As a small business owner and creator of intellectual property, Warren's expert advice is what I need and rely on.- Rey Gonzalez
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"Tireless, honest, and ethical."Norred Law works tirelessly for clients and puts their all into cases. They are an honest, ethical firm with a desire to seek justice for all. Norred Law has represented me and my organization with fantastic results each time. Highly recommend!- Faith B.
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"We're so glad to have him and his team in our corner."Warren and his team often went above and beyond to guide us through our journey.- Arthur C.
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"Extremely grateful for their help!"Extremely grateful to Norred Law for resolving a legal matter I'd been fighting for almost two years. A few weeks after they got involved, the issue was completely resolved. My only regret is not seeking their help sooner! Highly recommend Norred Law!- Allison Wilbanks
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"Great place to find lawyers."I Love this place so much that I even work here.- Chad Lampe
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"Excellent advice and a solid consultation."Hope we don't require their services in the future, but if we do we know where to go and how they will do! Cheers!- Derek Rock Hubenak
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"Always knowledgeable and helpful."I call Norred Law, PLLC every time I have a question about intellectual property. They are always knowledgeable and helpful. I will never use anybody but Norred Law for my intellectual property needs.- Leslie Burgoyne