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Business Bankruptcy Lawyers

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.

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Frequently Asked Questions

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

How Have Bankruptcy Laws Recently Changed?
With a record number of bankruptcies in America on file, Congress has taken action to hold more people accountable for running up debts that they simply cannot pay. In general, the changes in the law may make it much harder for some people file bankruptcy, may make some people ineligible to file Chapter 7 bankruptcy at all, and may take more of your income to repay your debts in a Chapter … more
Some Debts May Remain After Bankruptcy
The decision about whether to file bankruptcy is a difficult to decision to make. People often worry about the lasting effects on their credit history and their ability to borrow money in the future. However, sometimes the advantage of being relieved of debt in a bankruptcy proceeding outweighs the disadvantages. In order to weigh the advantages and disadvantages for yourself, it is … more