Recently, an electric car battery maker that had filed for Chapter 11 received more than $100 million from the government the day after filing, as a stimulus award. It’s unlikely that an individual in similar financial straits would receive that kind of government assistance, which is why it’s imperative when you find yourself struggling to stay afloat financially that you follow the legal counsel of your Plano bankruptcy attorney—so that you meet all required deadlines, will be free from debt, and depending upon the type of bankruptcy that you and your Plano attorney deem best for your situation, have the possibility of retaining at least some of your assets.
The stimulus award was given to A123 Systems as part of an incremental grant from the DOE, despite the fact that the future of the company rests in what occurs in an upcoming bankruptcy auction. A bankruptcy judge had already reduced bonuses that the company was paying to senior executives after the bankruptcy filing by over 12%. Again, though an individual cannot expect to receive a government bailout, with the help of a knowledgeable and qualified Plano bankruptcy attorney, individuals may fare far better by filing for bankruptcy than first anticipated.
If you are wondering where to turn regarding your dire financial circumstances, contact a Plano bankruptcy attorney with Warren & Migliaccio. The Law Firm of Warren & Migliaccio has successfully handled multiple bankruptcy cases, and they will always seek to uphold your best interests and to protect you from foreclosure. Get the help you need by calling Warren & Migliaccio today.
When you need a Plano bankruptcy attorney who will diligently work for your best interests, you need the Law Firm of Warren & Migliaccio. Attorney Christopher Migliaccio, L.L.P. is committed to helping clients get back on track. With a philosophy of accountability and responsibility, your lawyer will work with you personally to achieve a fair resolution. From their Richardson office, Warren & Migliaccio, L.L.P offers quality legal services and counseling to clients in North Dallas, Plano, Addison, Farmers Branch, and Collin and Dallas counties. Contact Warren & Migliaccio today, toll free, at 888.584.9614. You can also visit on the web at wmtxlaw.com.
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