Expert Debt Relief & Risk Mitigation Services for Unique Situations
When filing for bankruptcy, there are times when a Subchapter V filing is the right avenue. With the legal requirements being more relaxed than a Chapter 11, and timelines being shorter, the costs of a Subchapter
V could be greatly reduced. Instead of utilizing a US trustee, you benefit from a Chapter 5 trustee that can also serve as a mediator for disputes and further reduce expensive contested hearings. Subchapter V is a relatively new legal option, and Driver Stephenson has been at the forefront in guiding clients through this process.
High-net wealth individual bankruptcy can be extremely difficult. It requires an understanding of both state exemptions, marital property law, and bankruptcy law. Driver Stephenson
has extensive experience in representing high-net worth individuals through this complex intersection even in the most emotionally charged situations, while also successfully minimizing media exposure for highly visible clients. Additionally, Driver Stephenson
has a history of successful outcomes for their clients’ marital unity with their sensitive and effective communication with non-filing spouses.
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Dissolution is a critical step in ensuring insiders are not exposed to transfers for the 4 years following a Chapter 7 bankruptcy. Driver Stephenson has developed strategies to approach a creditor pool to seek concessions in exchange for a discounted payment, speeding the dissolution process for their clients. Driver Stephenson’s courtroom expertise sends a clear message to creditors that they are willing to take matters to court, which can help avoid such steps.
Chapter 9 of the Bankruptcy Code provides for reorganization of municipalities, which includes cities and towns, as well as villages, counties, taxing districts, municipal utilities, and school districts. In the more than 60 years since Congress established a federal mechanism for the resolution of municipal debts, there have been fewer than 500 municipal bankruptcy petitions filed. A Chapter 9 filing can provide a financially-distressed municipality protection from its creditors while it develops and negotiates a plan for adjusting its debts, whether by extending debt maturities, reducing principal or interest payments or refinancing existing debt. Driver Stephenson has the rare experience of successfully confirming a Chapter 9 plan and counseling municipalities on out of court solutions.
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 from Greater Houston, to the Dallas Fort Worth Metroplex, all of Texas, and nationwide.