Top Gulf Shores, AL Business Bankruptcy Lawyers Near You

Lead Counsel Badge  = Lead Counsel Verified Attorneys
  • Johnstone Adams, LLC

    Business Bankruptcy Lawyers | Mobile Office | Serving Gulf Shores, AL

    Business Bankruptcy Lawyers | Mobile Office | Serving Gulf Shores, AL

  • Phelps Dunbar LLP

    Business Bankruptcy Lawyers | Mobile Office | Serving Gulf Shores, AL

    Business Bankruptcy Lawyers | Mobile Office | Serving Gulf Shores, AL

  • Hand Arendall Harrison Sale LLC

    Business Bankruptcy Lawyers | Fairhope Office | Serving Gulf Shores, AL

    Business Bankruptcy Lawyers | Fairhope Office | Serving Gulf Shores, AL

  • Bond & Botes Law Offices

    Business Bankruptcy Lawyers | Mobile Office | Serving Gulf Shores, AL

    Business Bankruptcy Lawyers | Mobile Office | Serving Gulf Shores, AL

  • Dentons Sirote

    Business Bankruptcy Lawyers | Mobile Office | Serving Gulf Shores, AL

    Business Bankruptcy Lawyers | Mobile Office | Serving Gulf Shores, AL

  • McDowell Knight Roedder & Sledge, L.L.C.

    Business Bankruptcy Lawyers | Mobile Office | Serving Gulf Shores, AL

    Business Bankruptcy Lawyers | Mobile Office | Serving Gulf Shores, AL

  • Jones Walker LLP

    Business Bankruptcy Lawyers | Mobile Office | Serving Gulf Shores, AL

    Business Bankruptcy Lawyers | Mobile Office | Serving Gulf Shores, AL

  • Maynard, Cooper & Gale, P.C.

    Business Bankruptcy Lawyers | Mobile Office | Serving Gulf Shores, AL

    Business Bankruptcy Lawyers | Mobile Office | Serving Gulf Shores, AL

  • Christian & Small LLP

    Business Bankruptcy Lawyers | Daphne Office | Serving Gulf Shores, AL

    Business Bankruptcy Lawyers | Daphne Office | Serving Gulf Shores, AL

  • Adams and Reese LLP

    Business Bankruptcy Lawyers | Mobile Office | Serving Gulf Shores, AL

    Business Bankruptcy Lawyers | Mobile Office | Serving Gulf Shores, AL

  • Burr & Forman LLP

    Business Bankruptcy Lawyers | Mobile Office | Serving Gulf Shores, AL

    Business Bankruptcy Lawyers | Mobile Office | Serving Gulf Shores, AL

  • Hand Arendall Harrison Sale LLC

    Business Bankruptcy Lawyers | Mobile Office | Serving Gulf Shores, AL

    Business Bankruptcy Lawyers | Mobile Office | Serving Gulf Shores, AL

  • Silver, Voit & Garrett, P.C.

    Business Bankruptcy Lawyers | Mobile Office | Serving Gulf Shores, AL

    Business Bankruptcy Lawyers | Mobile Office | Serving Gulf Shores, AL

  • Galloway, Johnson, Tompkins, Burr & Smith, APLC

    Business Bankruptcy Lawyers | Mobile Office | Serving Gulf Shores, AL

    Business Bankruptcy Lawyers | Mobile Office | Serving Gulf Shores, AL

  • Orr & Almond, Attorneys at Law

    Business Bankruptcy Lawyers | Mobile Office | Serving Gulf Shores, AL

    Business Bankruptcy Lawyers | Mobile Office | Serving Gulf Shores, AL

  • Helmsing Leach

    Business Bankruptcy Lawyers | Mobile Office | Serving Gulf Shores, AL

    Business Bankruptcy Lawyers | Mobile Office | Serving Gulf Shores, AL

  • Terrie Seal Owens, LLC

    Business Bankruptcy Lawyers | Mobile Office | Serving Gulf Shores, AL

    Business Bankruptcy Lawyers | Mobile Office | Serving Gulf Shores, AL

  • Judson E. Crump, P.C.

    Business Bankruptcy Lawyers | Mobile Office | Serving Gulf Shores, AL

    Business Bankruptcy Lawyers | Mobile Office | Serving Gulf Shores, AL

Gulf Shores Business Bankruptcy Information

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Lead Counsel Verified Attorneys In Gulf Shores

Lead Counsel independently verifies Business Bankruptcy attorneys in Gulf Shores by conferring with Alabama bar associations and conducting annual reviews to confirm that an attorney practices in their advertised practice areas and possesses a valid bar license for the appropriate jurisdictions.

Find a Business Bankruptcy Attorney near Gulf Shores

Business Bankruptcy

A Gulf Shores Business Bankruptcy can be a great option if your business is unable to meet its financial obligations and is looking to either restructure debt obligations or liquidate assets. Depending on your company’s current financial position, one or both strategies may be an option.

Business Bankruptcy Options

Provided the bankruptcy is not involuntary, your Business Bankruptcy Attorney may recommend either a Chapter 11 (“reorganization”), or chapter 7 (“liquidation”) bankruptcy to deal with your company’s financial issues.

A Chapter 11 allows a business to reorganize debts and pay off creditor’s over a period of time up to five years. A Chapter 7 liquidation forces the company to literally liquidate all assets, pay off creditors, and ultimately, stop operating. This is typically the least desirable option that your Business Bankruptcy Attorney will try to help you avoid.

Top Questions to Ask When Hiring an Attorney

  • How many years have you been practicing law? How long have you practiced law in the local area?
  • How many cases similar to mine have you handled in the past?
  • What is the likely outcome for my case?

In legal practice, experience matters. An experienced attorney will likely have handled issues similar to yours many, many times. Therefore, after listening to your situation, the attorney should have a reasonable idea of the time line for a case like yours and the likely resolution.

Tips on Approaching an Initial Attorney Consultation

  • Use the consultation as a means of gaining a better understanding of your legal situation.
  • Ask the attorney how many cases similar to yours he/she has handled. An attorney’s experience and knowledge can speak to their expertise (or lack of) in addressing your situation.
  • Your attorney should be able to articulate roughly how long a case like yours will take to resolve and what sort of procedures to expect.
  • Determine how comfortable you are working with the lawyer and/or law firm.

Types of legal fees:

Bill by the hour: Many attorneys bill by the hour. How much an attorney bills you per hour will vary based on a number of factors. For instance, an attorney’s hourly fee may fluctuate based on whether that hour is spent representing you in court or doing research on your case. Attorneys in one practice area may bill you more than attorneys in a different practice area.

Contingent fee: Some lawyers will accept payment via contingent fee. In this arrangement, the lawyer receives a percentage of the total monetary recovery if you win your lawsuit. In sum, the lawyer only gets paid if you win. Contingent fee agreements are limited to specific practice areas in civil law.

Flat fee: For “routine” legal work where the attorney generally knows the amount of time and resources necessary to complete the task, he/she may be willing to bill you a flat fee for services performed.

Common legal terms explained

Plaintiff – a person or party who brings a lawsuit against another person(s) or party/parties in a court of law. Private persons or parties can only file suit in civil court.

Judgment – A decision of the court. Also known as a decree or order. Judgments handed down by the court are usually binding on the parties before the court.

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