Brown McCarroll Attorneys at Law

Businesses across industries are struggling with financial challenges that require officers and directors to make difficult, and sometimes disheartening, decisions. We understand the strain it puts on you. Whether you are a debtor, a creditor or a third party you have a significant interest in the decisions and the outcome of bankruptcies and restructurings.

A bankruptcy or restructuring is a time-sensitive situation that requires quick action to help a company hold on to key customers and employees – which is also in the best interest of the creditors. Our team has the vast experience to assess the situation quickly, explore your options and help you choose what strategy will get the right result.

Throughout the years we have helped:

• Owners and executives - debtors
• Secured and unsecured creditors
• Financial institutions and other corporate clients
• Trustees
• Creditors committees
• Vendors
• Insurers
• Buyers of distressed assets

Bankruptcy and Restructuring Strategies

A creditor’s primary goal is getting paid, while a debtor wants to stay in business. If you’re an officer or director, you’re also concerned about your reputation, your employees, and how it will affect the business you do in the future. Our goal is to put you in the best position possible given your financial and business situation.

In today’s environment it may seem like there is little choice but to file for Chapter 7 liquidation. Financings for Chapter 11 reorganizations are more difficult to secure, lenders are getting pressure from investors to collect, asset values are down and buyers are difficult to find. However, the consequences to a Chapter 7 liquidation can be great.

We start our relationship by learning about why you are considering bankruptcy. Once we understand your reasons and your financial situation, we vigorously investigate your options to help you arrive at the best strategy.  

When faced with a financially distressed situation there are many parties with interests that must be considered. Because we have represented all sides, we can see the situation from the various perspectives and help you arrive at a strategy that minimizes the adverse effect on the parties and business relationships.

What strategy is right for you?

• Reorganization
• Liquidation
• Out-of-court (Loan) Workouts
• Financial restructuring
• Pre-packaged and pre-negotiated plans
• DIP Financing
• Asset acquisitions and dispositions

We counsel clients on all aspects of Chapter 11 reorganizations, Chapter 7 liquidations and out-of-court restructurings and are focused on developing the most effective and creative solutions for your situation – which could be avoiding a bankruptcy filing altogether.

Our Team

We have a strong team, which includes an attorney, Lynn Butler, who is Board Certified by the Texas Board of Legal Specialization in Business Bankruptcy Law. Our team also includes an attorney who served in the Bankruptcy and Collection Division of the Texas Attorney General’s Office.

We have handled matters throughout the state and country and have regularly represented clients before the U.S. Bankruptcy Courts in the Western District of Texas.