John T. Floyd Law Firm
Board Certified Houston Criminal Lawyer
“Stand-Up Trial Lawyers”
Experienced and Successful Trial Lawyers
Complex Business Litigation and Personal Injury
Federal and State Courts in Houston and Nationwide
Phone # (713) 224-0101
Toll Free 1-866-374-1327
E-mail jfloyd@JohnTFloyd.com
John Floyd - BOARD CERTIFIED - Criminal Law
Top Lawyers - 2008, 2009, 2010 HTexas
Houston Bankruptcy Lawyers
Stand-Up Trial Lawyers, Serious Bankruptcy Litigation and Investigation
John T. Floyd Law Firm: Serious lawyers with distinguished records in a wide variety of difficult and contested bankruptcy cases.
Bankruptcy, in the simplest sense, is a debtor’s legally declared inability or impairment of ability to pay creditors. In some cases, a debtor may be forced into involuntary bankruptcy. This occurs when creditors file a bankruptcy petition against a business or corporate debtor) in an effort to recoup a portion of what is owed or to initiate a restructuring. Involuntary bankruptcies generally cannot be filed against individual consumer debtors that are not engaged in business.
The majority of bankruptcies are voluntary. Voluntary bankruptcies are filed by the insolvent individual or organization.
Filing for voluntary bankruptcy is not a decision to take lightly. A bankruptcy filing will appear on credit reports for seven to ten years, and many loan and job applications will ask whether the applicant has ever filed bankruptcy. On certain documents, answering that question “no” after filing for bankruptcy is technically criminal fraud. In many ways, therefore, bankruptcy is for life.
Bankruptcy courts are like many other type of courts, and the skills honed by the trial lawyers of the John T. Floyd Law Firm make us well suited to take on contested bankruptcies of all varieties. Indeed, the trial lawyers of the John T. Floyd Law Firm have compiled a distinguished record in a wide variety of adversarial proceedings.
There are two main types of bankruptcy cases that the trial lawyers of the John T. Floyd Law Firm handle: Chapter 7 and Chapter 13. Chapter 7 is best described as “total” bankruptcy, and credit reports maintain a record of such filing for 10 years. Chapter 13 is more akin to a payment plan, and the evidence of filing under this chapter stays on a credit report for only seven years.
Today's tough economy has resulted in steadily rising bankruptcy filings, and it is more important than ever for individuals, small businesses, and major multinational corporations to have experienced bankruptcy attorneys guide them through the process. The trial lawyers at the John T. Floyd Law Firm understand how stressful the bankruptcy process can be. Our years of experience helping debtors understand which type of bankruptcy is most appropriate can make the process less stressful and onerous on our clients. Because we are trial lawyers by nature, we also take pride in preparing these very critical cases for adversarial proceeding when appropriate and necessary, fighting for our clients' every legal right in bankruptcy court at every step of the process.
Bankruptcy litigation often involves:
Substantive Consolidation
Plan Confirmation
Fraudulent Conveyance
Plan Exclusivity
Withdrawal of Reference
Abstention
Enterprise Valuation
Preferences
Tort Claim Estimation
Third Party Releases
Appointment of Trustees
DIP Financing
Asset Sales and Procedures
Break-up Fees
Compromises and Settlements of Disputed Claims.
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