The Texas Attorney General's office is proceeding with a lawsuit against Telligenix, an affiliate of Dynetech Corporation, in spite of the Dynetech founder Laurence Pino's move to convert his firm and its affiliates from a Chapter 11 reorganization to a Chapter 7 liquidation.

Texas prosecutors originally sued Telligenix and its affiliates in District Court in Harris County on September 18, 2009. The case includes allegations that Telligenix violated the state's deceptive trade practices and consumer protection law. In spite of the Chapter 7 conversion, the case is moving forward and a hearing is scheduled for November 30^th, 2010 that includes an appearance by Laurence Pino.

According to Pino, the bankruptcy filing is being converted due to one creditor's disapproval of the proposed payment plan under Chapter 11. Dynetech Corp. used to be one of Central Florida's largest privately held companies, with more than $287 million in annual revenue.

Filing for bankruptcy is an often complicated process. It is important to have a legal profession to ensure you receive the full protection that state and federal bankruptcy laws have to offer. At the Malaise Law Firm, we represent debtors throughout Houston and all of Texas in these cases. To learn more about our services and how we can assist you, contact a Houston Bankruptcy Attorney today.