Top Barrington, IL Business Bankruptcy Lawyers Near You

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    Faegre Drinker Biddle & Reath LLP

    Business Bankruptcy Lawyers | Chicago Office | Serving Barrington, IL

    Business Bankruptcy Lawyers | Chicago Office | Serving Barrington, IL

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    Wilson, Elser, Moskowitz, Edelman & Dicker LLP

    Business Bankruptcy Lawyers | Chicago Office | Serving Barrington, IL

    Business Bankruptcy Lawyers | Chicago Office | Serving Barrington, IL

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    SmithAmundsen LLC

    Business Bankruptcy Lawyers | Geneva Office | Serving Barrington, IL

    Business Bankruptcy Lawyers | Geneva Office | Serving Barrington, IL

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    Paul Hastings LLP

    Business Bankruptcy Lawyers | Chicago Office | Serving Barrington, IL

    Business Bankruptcy Lawyers | Chicago Office | Serving Barrington, IL

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    Dickson Law Group

    Business Bankruptcy Lawyers | Crystal Lake Office | Serving Barrington, IL

    Business Bankruptcy Lawyers | Crystal Lake Office | Serving Barrington, IL

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    SmithAmundsen LLC

    Business Bankruptcy Lawyers | St. Charles Office | Serving Barrington, IL

    Business Bankruptcy Lawyers | St. Charles Office | Serving Barrington, IL

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    King & Spalding LLP

    Business Bankruptcy Lawyers | Chicago Office | Serving Barrington, IL

    Business Bankruptcy Lawyers | Chicago Office | Serving Barrington, IL

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    Fuchs & Roselli, Ltd.

    Business Bankruptcy Lawyers | Chicago Office | Serving Barrington, IL

    Business Bankruptcy Lawyers | Chicago Office | Serving Barrington, IL

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    Lathrop GPM

    Business Bankruptcy Lawyers | Chicago Office | Serving Barrington, IL

    Business Bankruptcy Lawyers | Chicago Office | Serving Barrington, IL

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    Momkus LLP

    Business Bankruptcy Lawyers | Lisle Office | Serving Barrington, IL

    Business Bankruptcy Lawyers | Lisle Office | Serving Barrington, IL

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    Howard & Howard Attorneys PLLC

    Business Bankruptcy Lawyers | Chicago Office | Serving Barrington, IL

    Business Bankruptcy Lawyers | Chicago Office | Serving Barrington, IL

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    Dickinson Wright PLLC

    Business Bankruptcy Lawyers | Chicago Office | Serving Barrington, IL

    Business Bankruptcy Lawyers | Chicago Office | Serving Barrington, IL

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    SmithAmundsen LLC

    Business Bankruptcy Lawyers | Woodstock Office | Serving Barrington, IL

    Business Bankruptcy Lawyers | Woodstock Office | Serving Barrington, IL

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    Scheinbaum & West, LLC

    Business Bankruptcy Lawyers | Joliet Office | Serving Barrington, IL

    Business Bankruptcy Lawyers | Joliet Office | Serving Barrington, IL

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    Ferris Thompson & Zweig

    Business Bankruptcy Lawyers | Chicago Office | Serving Barrington, IL

    Business Bankruptcy Lawyers | Chicago Office | Serving Barrington, IL

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    SmithAmundsen LLC

    Business Bankruptcy Lawyers | Crystal Lake Office | Serving Barrington, IL

    Business Bankruptcy Lawyers | Crystal Lake Office | Serving Barrington, IL

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    FisherBroyles, LLP

    Business Bankruptcy Lawyers | Chicago Office | Serving Barrington, IL

    Business Bankruptcy Lawyers | Chicago Office | Serving Barrington, IL

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    Law Offices of Joel A. Schechter

    Business Bankruptcy Lawyers | Chicago Office | Serving Barrington, IL

    Business Bankruptcy Lawyers | Chicago Office | Serving Barrington, IL

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    Porter Law Network

    Business Bankruptcy Lawyers | Chicago Office | Serving Barrington, IL

    Business Bankruptcy Lawyers | Chicago Office | Serving Barrington, IL

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    SmithAmundsen LLC

    Business Bankruptcy Lawyers | Wheaton Office | Serving Barrington, IL

    Business Bankruptcy Lawyers | Wheaton Office | Serving Barrington, IL

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    Culhane Meadows PLLC

    Business Bankruptcy Lawyers | Chicago Office | Serving Barrington, IL

    Business Bankruptcy Lawyers | Chicago Office | Serving Barrington, IL

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    Faegre Drinker Biddle & Reath LLP

    Business Bankruptcy Lawyers | Chicago Office | Serving Barrington, IL

    Business Bankruptcy Lawyers | Chicago Office | Serving Barrington, IL

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    SmithAmundsen LLC

    Business Bankruptcy Lawyers | Chicago Office | Serving Barrington, IL

    Business Bankruptcy Lawyers | Chicago Office | Serving Barrington, IL

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    Crane, Simon, Clar & Goodman

    Business Bankruptcy Lawyers | Chicago Office | Serving Barrington, IL

    Business Bankruptcy Lawyers | Chicago Office | Serving Barrington, IL

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    Taft Stettinius & Hollister LLP

    Business Bankruptcy Lawyers | Chicago Office | Serving Barrington, IL

    Business Bankruptcy Lawyers | Chicago Office | Serving Barrington, IL

Barrington Business Bankruptcy Information

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Lead Counsel Verified Attorneys In Barrington

Lead Counsel independently verifies Business Bankruptcy attorneys in Barrington by conferring with Illinois 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 Barrington Business Bankruptcy Attorney in your area

Business Bankruptcy

A Barrington 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.

What sort of issues can I seek legal help with?

Specialized legal help is available for most legal issues. Each case is unique; seeking legal help is a smart first step toward understanding your legal situation and seeking the best path toward resolution for your case. An experienced lawyer understands the local laws surrounding your case and what your best legal options might be. More importantly, there are certain situations and circumstances – such as being charged with a crime – where you should always seek experienced legal help.

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.

How will an attorney charge me?

A reputable attorney will be very upfront about how he/she will charge you. The three most common fee structures that attorneys use to charge for their services are:

  • Bill by the hour
  • Contingent fee agreement
  • Flat fee agreement

Depending on your specific legal situation, it’s possible that only one type of fee structure is available. For instance, criminal defense attorneys almost always bill by the hour. In a flat fee arrangement, an attorney accepts a one-time payment to help you resolve your issue. With a contingent fee agreement, the client pays little to nothing upfront and the attorney receives a percentage of the money recovered if you win 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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