Dallas Bankruptcy Attorney | Richard G. Grant
Dallas Bankruptcy Attorney Richard G. Grant has over 22 years experience utilizing the Bankruptcy Code to solve debt and credit problems in Dallas, Texas.
Bankruptcy is a legal status of a person or other entity that cannot repay the debts it owes to creditors as such debts become due. Bankruptcy can be initiated by the debtor or by its creditors. See Involuntary Bankruptcy. Bankruptcy is not the only legal status that an insolvent person or other entity may have, and the term bankruptcy is therefore not a synonym for insolvency.
The purpose of a Bankruptcy Attorney is to guide either a debtor or its creditors in the process of reaching a realization that debts are not going to be paid as they come due. In the instance of individual bankruptcy, the bankruptcy attorney guides the debtor in completing the documents necessary to inform the bankruptcy court, trustee and creditors of the assets, liabilities and income of the debtor. The bankruptcy attorney then takes the additional actions necessary to obtain a discharge of the unpaid debts and to give the debtor a fresh start. In the instance of a business bankruptcy, the bankruptcy attorney guides management through similar steps, but steps that preserve the going concern value of the business and providing for a feasible method of payment to creditors in an amount greater than what the creditors would receive if the company were simply liquidated (unless there is ultimately no method of doing so, in which case, guiding the management through liquidation of the business assets and equitably distributing the same to creditors).
The Bankruptcy Attorney representing creditors advises the creditor to ensure the maximum recovery possible to the creditor, whether it takes the form of maximizing the business value so that distributions are maximized. Alternatively, advising the creditor that management is dissipating assets and liquidation is maximizes total recovery to the creditor.
In all of these instances, it takes experience with handling the psychology of the debtor/creditor relationship and the maximization of value to serve clients the most effectively.
Dallas, Texas is one of the 10 most populated cities in the United States. It is third in population in Texas. Dallas is the county seat of Dallas County, Texas. It is part of the Dallas/Fort Worth Metroplex. Parts of Dallas also fall in Collin County, Denton County, Kaufman County and Rockwall County.
Dallas, Texas was founded in 1841. Its economy is primarily based upon commerce, banking, computer technology, oil & gas, medical research, healthcare and telecommunications. The firm’s bankruptcy attorneys have represented business owners, banks, investment funds, medical facilities, healthcare companies and telecommunications companies. Richard Grant has acted as general counsel to AirStream Data Corporation, a point to point telecommunications company founded in 2001. Richard Grant has also advised oil & gas development companies.
Dallas has the 14th ranked GDP by the Organization for Economic Co-operation and development. Dallas hosts the Dallas World Aquarium, Dallas Zoo, Galleria Dallas, the Dallas Arboretum and Botanical Gardens, and the Dallas Museum of Art.
The Dallas Bankruptcy Courts are well equipped to oversee, and provide resolution to, bankruptcy issues. Mr. Grant has either practiced for or with many of its judges.
Richard G. Grant is a partner at Culhane Meadows which also has offices in New York, Chicago, Atlanta, Charlotte, Houston, and Palo Alto (all by appointment only). Culhane Meadows, as well as its Dallas bankruptcy attorneys, are committed to providing partner-level attorneys intimately familiar with and dedicated to your business and legal needs. It has assembled a partnership of highly-qualified attorneys from some of the largest law firms and some of the most sophisticated corporate legal departments in the U.S. All of our attorneys are full partners, and all are veterans of large law firms (including Alston & Bird, King & Spalding, Baker & McKenzie, Akin Gump, Greenberg Traurig, Jones Day, Epstein Becker, Morris Manning & Martin, Holland & Knight, McKenna Long Aldridge, and DLA Piper, just to name a few), and all must meet its standards of excellence to join the team.