Business Bankruptcy
Business bankruptcy claims are decided under a Chapter 7 liquidation or a Chapter 11 reorganization. After filing for a business bankruptcy reorganization or liquidation the company's publicly traded stock is generally de-listed by its stock exchange. Individuals may also file under Chapter 11, but the required debt level to file under Chapter 11 is so high that Chapter 11 is mainly used for business bankruptcies.
For assistance with your case, click here to find Business Bankruptcy Attorneys near you or find an attorney in a different state.
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Frequently Asked Questions
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What is a bankruptcy motion for reconsideration and how do I write one?
A motion for reconsideration asks the bankruptcy court to reinstate a bankruptcy case thathas been dismissed for one reason or another. In your motion, you should request the bankruptcy … more -
Can you declare bankruptcy on a Small Business Administration (SBA) loan?
While the common perception is that you cannot discharge government loans in bankruptcy, in reality, many such loans can be discharged in bankruptcy. The Small Business Administration (SBA) … more
Legal Articles
- Will Filing for Bankruptcy Stop the Bill Collectors?
One of the most difficult aspects of owing debts that you cannot pay is dealing with your creditors, or the collection agencies that work for those creditors. Bill collectors often seem to stop at nothing to collect money from you, even if it means threatening you or not being truthful about the consequences of not paying off your debt. As a result, people in this situation often … more - How to File Bankruptcy
Sometimes bankruptcy is inevitable. You understand the consequences of filing bankruptcy and have decided that bankruptcy makes the most sense for your future. So, how do you go about taking the next step and filing for bankruptcy? Consider Hiring an Attorney Many people decide to hire a bankruptcy attorney prior to formally filing for bankruptcy. In most cases, this is … more
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