The Houston business environment continues to thrive, but owners face serious competition from all directions. Unless you are lucky enough to have found a lucrative niche in which to operate, your company is vulnerable to your competition. This means that many business owners here in Texas ultimately lose the battle with their competitors.
As debts mount and customers dwindle, some entrepreneurs are forced to eventually close their doors. What if there was a way to get a handle on your business debts and keep your company open at the same time? A chapter 11 bankruptcy may help you accomplish both goals.
In our years of experience serving Houston, TX, business owners, we often suggest filing a chapter 11 bankruptcy to reorganize the company as well as business debts. In many cases, these businesses have bounced back in the wake of chapter 11 and gone on to be quite successful.
Because these are complex bankruptcy issues, we cannot say if chapter 11 is right for you without a consultation. However, we do recommend speaking with an attorney about your business situation, especially if you are already facing debts that you cannot pay. Chapter 11 may help you eliminate some of your business debts while restructuring others so that your company can grow and thrive.
Our team of bankruptcy attorneys encourages you to continue exploring our website if you are on the hunt for a solution that may save your company. Exploring our legal blog can also help you find an answer to your business debt concerns. Alternatively, we invite you to reach out to us personally for detailed information about your legal options.