Avoid Bankruptcy with Out-of-Court Negotiations and Agreements
When creditors and debtors can work out a mutually agreed upon restructuring and repayment plan, often a Chapter 7 or Chapter 11 bankruptcy can be avoided. Because there is no court involvement, restructuring negotiations can be flexible and involve many different restructuring techniques. These could include extending maturity dates, lowering interest rates, debt-for-equity plans and other adjustments. Restructuring out-of-court can allow business owners and creditors the ability to set their own terms and emerge from financial difficulties more quickly.
Driver Stephenson has successfully represented many businesses who have avoided bankruptcy with restructuring, as well as creditors negotiating repaying from a debtor through these methods. Driver Stepehson have represented both debtor and creditor clients through successful negotiations attaining excellent results for both.
Driver Stephenson has extensive experience in representing both debtor and creditor clients in many areas such as real estate, healthcare, hospitality, franchise, and retail spaces throughout Texas and nationwide.
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