Chapter 11 For Delta Petroleum | Denver Bankruptcy Lawyer

Delta Petroleum, an oil and gas company based in Denver, has filed for Chapter 11 bankruptcy reorganization in the U.S. Bankruptcy Court of Delaware according to the Denver Post. Delta has been having problems with finances for some time, and had been looking for a buyer or new financing. With those options having failed, they have chosen Chapter 11 reorganization. The company’s management, board of directors and outside financial and legal advisors decided that Chapter 11 was the company’s best hope after investigations into all options.

Are you considering Chapter 11 reorganization for your business?  Contact a Denver Bankruptcy Lawyer today to discuss your options.

Here in Colorado, many small businesses are experiencing hard times and trying to find a way to keep the doors open and make it through until the economy begins to look up. One thing that you need to know about Chapter 11 is that it does not mean that you are going out of business.  Chapter 11 is a way to reorganize your business’s finances and stay open. Often, companies are able to come out of Chapter 11 proceedings strong and healthy, staying in business for the long term.

If you are struggling to keep the doors open on your business, Chapter 11 bankruptcy may be something that you should consider. An experienced Denver bankruptcy lawyer can explain your options, help you understand the process, and help you determine whether this may be the best alternative for you and your business. For more information and a FREE CONSULTATION, contact the Chapter 11 bankruptcy specialists at Custer Roberson today at (303)893-0833.

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