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 Get Rid of All My Debts?
Many people think that if they simply file Chapter 7 bankruptcy, then they will get rid of all of their debts. Unfortunately, this is not the case. There are some types of debts that cannot be discharged in bankruptcy by law. This means that even if you complete bankruptcy proceedings, you still have to pay back these debts. These debts include child support, alimony, … more - Free Consultations: Important for Bankruptcy Cases
If you are looking to hire a bankruptcy attorney then you have likely seen multiple ads that all claim to provide prospective clients with free legal consultations. However, the word consultation means different things to different attorneys and it is, therefore, important to understand what your free bankruptcy consultation will be before you agree to it. Why is a Free Bankruptcy … more
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