
Killeen & Waco Chapter 11 Bankruptcy Attorney
Central Texas Bankruptcy Relief for Struggling Companies
Though individuals sometimes file for Chapter 11 in certain situations, this type of bankruptcy is primarily used by large corporations. If your business is experiencing financial difficulties and is in danger of losing critical assets, Chapter 11 bankruptcy can give your company the time and resources you need to reorganize your debt and get back on track.
It is not wise to pursue Chapter 11 relief without an experienced bankruptcy lawyer. You will need to complete complex paperwork and propose a plan that your company's creditors will vote on.
The Killeen & Waco Chapter 11 bankruptcy lawyer at Erin Baker Shank, P.C. has over 40 years of legal experience and is passionate about helping Texas businesses prosper. Erin and her team of talented paralegals can guide your company through each step of the process and will actually write your company=s Chapter ll Plan of Reorganization. Erin and her paralegals meet with all of their clients virtually, meaning most (if not all) of your Chapter 11 case can be handled remotely.
If your business is considering Chapter 11 bankruptcy, call (254) 690-4110 or contact the firm online to schedule a free initial consultation. Flexible payment plans for our attorney's fees are available.
Understanding Chapter 11 Bankruptcy for Texas Businesses
When a corporation is struggling to pay creditors, it may turn to Chapter 11 bankruptcy. You should always discuss your case with an experienced bankruptcy attorney before filing. Erin will review your company=s financial circumstances and advise whether Chapter 11 is the right choice. After we receive all of the necessary paperwork, the team at Erin Baker Shank, P.C. will prepare the first draft of your bankruptcy paperwork. Before we file, Erin will meet with you via Zoom to go over each page of your bankruptcy paperwork before your case is filed to ensure that it is accurately and completely prepared before your case is filed.
Once your petition is filed, your business will immediately benefit from a court order called the automatic stay. The automatic stay temporarily stops all collection actions, meaning your creditors will not be able to request payments, file lawsuits against your business, evict your business from commercial property, start or complete a foreclosure, or seize your company=s property.
You (and other owners) will maintain control of your business during the Chapter 11 process. However, you will need to get permission from the bankruptcy court to carry out certain transactions, such as entering a new commercial lease, liquidating company property, or shutting down portions of your business.
Shortly after filing, Erin will prepare and file a Disclosure Statement that provides a complete breakdown of your company's financial background and a Chapter ll plan that she will send to your creditors and request that they vote for or against it.
Your business's creditors will vote on your proposal. If the creditors vote against the plan or file legal objections to it, the bankruptcy court will consider if your company=s Plan of Reorganization can nevertheless be approved. The bankruptcy judge can overrule creditors objections and votes if the Court believes the Chapter ll Plan is fair and reasonable and meets all of the other legal requirements set forth in the Bankruptcy Code.
Killeen and Waco Chapter 11 bankruptcy attorney Erin Baker Shank will prepare and file all of your Chapter ll bankruptcy documents and help your business prepare a robust plan designed to satisfy creditors and reorganize. Erin appears at all bankruptcy hearings and meeting on your company's behalf.
What Sets Us Apart
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Practice Exclusively Dedicated to Bankruptcy Law
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Affordable & Flexible Payment Plans
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Over 40 years of Bankruptcy Experience
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100% Virtual – Safe & Convenient
Listen to Erin Answer Your Questions!
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What Our Clients Say
Real Stories from People We've Helped Through Financial Hardship
At Erin Baker Shank, P.C., your satisfaction is our priority! See for yourself what our clients have to say about working with us.
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A grumpy company decided not to negotiate a reduced settlement like the other 5 companies did, this caused us to be forced into choosing a lawyer for filing bankruptcy. My wife and I are extremely pleased with our wonderful Lawyer and her staff. Erin B Shank and her team handled the process with little hardship to us, they made processing the mountain of paperwork seem so simple. The resulting discharge of our debts lifted a heavy weight from our shoulders. If you find yourselves in need of a Lawyer Erin and her team are the best I have dealt with.Michael S.
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“Our case had been dragging on for years, but once she stepped in, things moved efficiently and effectively. She worked diligently, stayed on top of every detail, and always made us feel like a priority.”Renee H.
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Ms. Shank and Sharlyn were absolutely fantastic! Very helpful, and knowledgeable and answered any questions or concerns we had. They truly pulled off a miracle. If you’re thinking of filing for bankruptcy, Ms. Shank is the woman for the job.Monique K.
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“The staff and Erin were great. I would recommend Erin to anyone. Compared to our other law firm she saved us 10's of thousands of dollars on our bankruptcy Erin is the best we don't think we could have done it without her.”Previous Client

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