Top Wilmington, DE Business Bankruptcy Lawyers Near You

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    Kimmel, Carter, Roman, Peltz & O'Neill, P.A.

    Business Bankruptcy Lawyers | Newark Office | Serving Wilmington, DE

    Business Bankruptcy Lawyers | Newark Office | Serving Wilmington, DE

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    Archer Attorneys at Law

    Business Bankruptcy Lawyers | Wilmington Office

    Business Bankruptcy Lawyers | Wilmington Office

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    Law Offices of James V. Monaghan

    Business Bankruptcy Lawyers | Norristown Office | Serving Wilmington, DE

    Business Bankruptcy Lawyers | Norristown Office | Serving Wilmington, DE

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    Faegre Drinker Biddle & Reath LLP

    Business Bankruptcy Lawyers | Wilmington Office

    Business Bankruptcy Lawyers | Wilmington Office

  • McDermott Will & Emery LLP

    Business Bankruptcy Lawyers | Wilmington Office

    Business Bankruptcy Lawyers | Wilmington Office

  • Obermayer Rebmann Maxwell & Hippel LLP

    Business Bankruptcy Lawyers | Wilmington Office

    Business Bankruptcy Lawyers | Wilmington Office

  • Hiller & Arban, LLC

    Business Bankruptcy Lawyers | Wilmington Office

    Business Bankruptcy Lawyers | Wilmington Office

  • Armstrong Teasdale

    Business Bankruptcy Lawyers | Wilmington Office

    Business Bankruptcy Lawyers | Wilmington Office

  • Weber Gallagher

    Business Bankruptcy Lawyers | New Castle Office | Serving Wilmington, DE

    Business Bankruptcy Lawyers | New Castle Office | Serving Wilmington, DE

  • Rosen & Associates, P.C.

    Business Bankruptcy Lawyers | Wilmington Office

    Business Bankruptcy Lawyers | Wilmington Office

  • Attorney at Law

    Business Bankruptcy Lawyers | Jenkintown Office | Serving Wilmington, DE

    Business Bankruptcy Lawyers | Jenkintown Office | Serving Wilmington, DE

  • Flaster/Greenberg PC

    Business Bankruptcy Lawyers | Wilmington Office

    Business Bankruptcy Lawyers | Wilmington Office

  • Stern & Eisenberg, PC

    Business Bankruptcy Lawyers | Newark Office | Serving Wilmington, DE

    Business Bankruptcy Lawyers | Newark Office | Serving Wilmington, DE

  • Leech Tishman

    Business Bankruptcy Lawyers | Wilmington Office

    Business Bankruptcy Lawyers | Wilmington Office

  • McElroy, Deutsch Mulvaney & Carpenter, LLP

    Business Bankruptcy Lawyers | Wilmington Office

    Business Bankruptcy Lawyers | Wilmington Office

  • Law Office of Blakely, Gregory & Pappoulis

    Business Bankruptcy Lawyers | Wilmington Office

    Business Bankruptcy Lawyers | Wilmington Office

  • Dunne Law Offices PC

    Business Bankruptcy Lawyers | Philadelphia Office | Serving Wilmington, DE

    Business Bankruptcy Lawyers | Philadelphia Office | Serving Wilmington, DE

  • Rothamel Bratton Attorneys at Law

    Business Bankruptcy Lawyers | Haddonfield Office | Serving Wilmington, DE

    Business Bankruptcy Lawyers | Haddonfield Office | Serving Wilmington, DE

  • Robert H. Johnson LLC

    Business Bankruptcy Lawyers | Cherry Hill Office | Serving Wilmington, DE

    Business Bankruptcy Lawyers | Cherry Hill Office | Serving Wilmington, DE

  • Gordon Rees Scully Mansukhani, LLP

    Business Bankruptcy Lawyers | Wilmington Office

    Business Bankruptcy Lawyers | Wilmington Office

  • Whiteford Taylor & Preston LLP

    Business Bankruptcy Lawyers | Wilmington Office

    Business Bankruptcy Lawyers | Wilmington Office

  • Brown McGarry Nimeroff, LLC

    Business Bankruptcy Lawyers | Wilmington Office

    Business Bankruptcy Lawyers | Wilmington Office

  • Kashishian Law LLC

    Business Bankruptcy Lawyers | Wilmington Office

    Business Bankruptcy Lawyers | Wilmington Office

  • Moretsky Law

    Business Bankruptcy Lawyers | Philadelphia Office | Serving Wilmington, DE

    Business Bankruptcy Lawyers | Philadelphia Office | Serving Wilmington, DE

  • Cooper Levenson, P.A.

    Business Bankruptcy Lawyers | Bear Office | Serving Wilmington, DE

    Business Bankruptcy Lawyers | Bear Office | Serving Wilmington, DE

Wilmington Business Bankruptcy Information

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Lead Counsel Verified Attorneys In Wilmington

Lead Counsel independently verifies Business Bankruptcy attorneys in Wilmington by conferring with Delaware 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 Wilmington Business Bankruptcy Attorney in your area

Business Bankruptcy

A Wilmington 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.

How to Prepare for Your Initial Consultation

Prepare for your consultation by writing down notes of your understanding of the case, jot down questions and concerns for the attorney, and gather your documents. Remember that you are trying to get a sense of whether the attorney has your trust and can help you address your legal issues. Questions should include how the attorney intends to resolve your issue, how many years he/she has been practicing law and specifically practicing in your area, as well as how many cases similar to yours the attorney has handled. It can also be helpful to broach the subject of fees so that you understand the likely cost and structure of your representation by a specific attorney and/or legal team.

Tips on Hiring an Experienced Lawyer with Business Bankruptcy Cases

The more experienced a lawyer is in legal practice, the more likely he/she will be able to bring about a successful resolution to your issue. Since experience matters, lawyers who’ve been practicing law for many years (with a successful track record) tend to be in high demand. You should look for information about a lawyer’s experience and ask questions during the initial meeting. It’s a very good idea to ask the lawyer how many years he/she has been practicing law and the expected outcome of your case.

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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