Bankruptcy — Chapter 7 and Chapter 11
Houston Business Bankruptcy Lawyer
Over 26 Years of Experience Representing Businesses
No business owner starts out intending to one day file for bankruptcy. However, in today's economic environment, any business can run into financial difficulties that threaten their existence. Simply put, bankruptcy offers businesses a chance to start fresh and realize their full potential.
With over 26 years of experience, Attorney Mark Womack has built his practice on a reputation for helping businesses of all sizes. To meet with Mr. Womack in our Houston, Texas law office, call 713-238-6740 or contact us online.
Chapter 7 Bankruptcy
Chapter 7 bankruptcy is a type of liquidation bankruptcy in which the business' assets are sold off to pay back creditors. Once assets, if any, are sold off the business is able to discharge the remaining debt. This type of bankruptcy is an option for businesses needing to wind down and free themselves of debt.
Chapter 11 Bankruptcy
Chapter 11 bankruptcy is a type of bankruptcy where debts are reorganized and the debtor is protected from creditors. The debtor creates a plan to reorganize the debts and restructure the business. This type of bankruptcy is a good option for businesses that wish to continue doing business in the future.
Limited liability companies, proprietorships, and corporations are all business entities that can file for bankruptcy. Bankruptcy can stop business foreclosure, garnishment, and creditor collections.
Attorney Mark Womack
- Are you business owner overwhelmed by debt and looking for a way out?
- Does your business need debt relief to obtain a fresh start?
Whether you plan to continue your business or leave the past behind you, Chapter 7 or Chapter 11 bankruptcy may be an option that could help get beyond your debt and focus on the future of your business.
Attorney Mark Womack has a reputation in the Dallas metropolitan area as an experienced and effective business lawyer. If debt is overwhelming your business, attorney Womack can explain the various options that may be available. Whether that includes bankruptcy, debt consolidation, or another option, he will provide honest answers and informed counsel on obtaining debt relief.
Contact Us
To schedule a consultation in our Dallas, Texas law office, call 713-238-6740, or contact us online.
