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Business Bankruptcy

B2B Bankruptcy In Fort Worth

We provide expert business bankruptcy services

A business bankruptcy filing is more specialized than a consumer one.  In most cases, a business in need of relief to reorganize its finances can file for a Chapter 11 bankruptcy in Fort Worth.  Chapter 11 bankruptcy can assist your company through a reorganization process while you continue to operate the business.  For businesses that need to close, a Chapter 7 liquidation is a better option.  Sometimes, the business does not need to file at all, but the business owner does.  Individual business owners are typically required to personally guarantee business bank and internet loans, leases, and credit cards, which can create a crisis for owners.

Our Fort Worth B2B bankruptcy services give you:

  • Relief from creditor calls
  • Protection from repossession
  • Protection for business revenues
  • A pathway to a more successful future

We make the process positive and productive

Our skilled and dedicated attorneys can guide you toward the best possible Fort Worth business work out and convince your creditors to agree to a fair and workable repayment plan.  We also provide ongoing protection to make sure your creditors abide by that plan.  Our ultimate goal is to move your business forward toward a better financial footing.

Business bankruptcy in Fort Worth

A business in financial distress, unable to pay its bills, will face legal action from creditors.  If your business bank account is empty, business bankruptcy can give you some leverage and breathing room while you try to work things out.  The degree of your personal liability for business debt depends on how the business is structured and whether you personally guaranteed or secured any of its debts.  In some cases, bankruptcy can protect your personal assets such as your house, car, and personal property.

Payroll tax debt to the Internal Revenue Service (IRS)

The IRS is a tough creditor.  It holds business owners liable for unpaid payroll taxes regardless of how the business is structured. With unpaid payroll taxes, you must find a way to pay at least part of that debt.  Your alternatives can include negotiating a payment plan with the IRS and making an offer in compromise for less than you owe.  Your first step should be to find an experienced attorney (not an accountant) to negotiate on your behalf with the IRS.

Let us manage your Fort Worth Chapter 11 filing

Put our experts to work for you.  At The Vida Law Firm, PLLC, we can help you build a better future and give your business the chance to succeed.  Call us for a free initial consultation at 817-358-9977 or contact us here to get started on your Fort Worth business bankruptcy.

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Our Offices
  • Bedford Office (Main)
    3000 Central Drive
    Bedford, Texas 76021
    Phone: 817-358-9977
    Fax: 817-358-9988
  • Weatherford Office
    101 South Main
    Weatherford, Texas 76086
    Phone: 817-358-9977