I am owed money by a company that filed bankruptcy — what should I do?

Act promptly. You generally must file a proof of claim by a deadline (the bar date), and you may need to object to a plan or seek relief from the stay to protect collateral. A creditor that does nothing often recovers less. Contact the firm with the case details.

Can you represent both debtors and creditors?

The firm handles both debtor reorganization and creditor representation, but not on opposite sides of the same case — that would be a conflict. Each engagement is screened for conflicts before it begins.

Chapter 11Creditor rightsBusiness reorganization

Business reorganization and creditor representation in bankruptcy

Beyond consumer filings, Newark Law Offices represents businesses reorganizing under Chapter 11 and creditors protecting their position in bankruptcy court — proofs of claim, plan objections, relief from stay, and collateral. Texas, Oklahoma, and admitted federal districts.

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Two sides of the bankruptcy courtroom

Consumer Chapter 7 and 13 are one part of this firm's bankruptcy practice. The other is business and creditor work: helping a company reorganize under Chapter 11, and representing creditors who need to protect a claim when someone else files. These are B2B matters with different stakes and deadlines from a consumer filing.

What is Chapter 11 bankruptcy?

Chapter 11 is a reorganization bankruptcy, most often used by businesses, that lets a company restructure its debts under a court-approved plan while continuing to operate. A streamlined version, Subchapter V, is available to smaller businesses. Filing triggers the automatic stay, halting collection and lawsuits, while the business negotiates a plan with its creditors.

Business reorganization (Chapter 11 & Subchapter V)

For a business under creditor pressure, Chapter 11 can stop enforcement, restructure debt, and keep the doors open. We handle debtor-side reorganization in:

Texas — Chapter 11 debtor reorganization
Oklahoma — Chapter 11 debtor reorganization
Federal districts where the firm is admitted — Colorado, New Mexico, Arkansas

Creditor representation

Can a lawyer represent creditors in bankruptcy court?

Yes. When a debtor files bankruptcy, creditors have rights that must be actively protected — filing a proof of claim, objecting to a reorganization plan that undervalues the debt, seeking relief from the automatic stay to pursue collateral, and challenging preferential transfers. A creditor that does nothing often recovers less. Newark Law Offices represents creditors in these proceedings.

Creditor-side matters we handle:

Proofs of claim and claim disputes
Relief-from-stay motions to reach collateral
Plan objections and adequate-protection demands
Texas — creditor representation; Oklahoma — creditor representation
Federal districts — Colorado, New Mexico, Arkansas

Who this is for

Business owners facing insolvency who want to reorganize rather than liquidate; and banks, lenders, vendors, and other creditors who need to protect a claim in someone else's bankruptcy. If you are an individual dealing with personal debt, start with consumer bankruptcy instead.

Prior results do not guarantee a similar outcome. Every matter is different and depends on its own facts.

No outcome is promised or guaranteed. Descriptions of process are general and are not a prediction about any specific matter.

The information on this page is provided for general informational purposes only and does not constitute legal advice.

Attorney advertising. This material is for general information and may be considered advertising under the rules of the State Bar of Texas and the Oklahoma Bar Association.

Frequently asked questions

What is the difference between Chapter 11 and Chapter 7 or 13?: Chapter 7 and 13 are primarily for individuals (liquidation and repayment plans). Chapter 11 is a reorganization, most often used by businesses, that lets a company restructure debt under a court-approved plan while continuing to operate. Subchapter V is a streamlined Chapter 11 for smaller businesses.
I am owed money by a company that filed bankruptcy — what should I do?: Act promptly. You generally must file a proof of claim by a deadline (the bar date), and you may need to object to a plan or seek relief from the stay to protect collateral. A creditor that does nothing often recovers less. Contact the firm with the case details.
Can you represent both debtors and creditors?: The firm handles both debtor reorganization and creditor representation, but not on opposite sides of the same case — that would be a conflict. Each engagement is screened for conflicts before it begins.