Top Covington, KY Business Bankruptcy Lawyers Near You

Business Bankruptcy Lawyers | Covington Office

50 E Rivercenter Blvd, Suite 1275, Covington, KY 41011

Business Bankruptcy Lawyers | Crestview Hills Office | Serving Covington, KY

25 Town Center Boulevard, Suite 201, Crestview Hills, KY 41017

Business Bankruptcy Lawyers | Florence Office | Serving Covington, KY

7310 Turfway Road, Suite 210, Florence, KY 41042

Business Bankruptcy Lawyers | Fort Mitchell Office | Serving Covington, KY

2400 Chamber Center Dr, Suite 300, Fort Mitchell, KY 41017

Business Bankruptcy Lawyers | Covington Office

541 Buttermilk Pike, Suite 500, Covington, KY 41017-5710

Business Bankruptcy Lawyers | Florence Office | Serving Covington, KY

7289 Burlington Pike, Florence, KY 41042

Business Bankruptcy Lawyers | Covington Office

50 E Rivercenter Blvd, Suite 850, Covington, KY 41011

Business Bankruptcy Lawyers | Covington Office

411 Madison Avenue, Covington, KY 41011

Business Bankruptcy Lawyers | Fort Mitchell Office | Serving Covington, KY

2500 Chamber Center Drive, Suite 300, Fort Mitchell, KY 41017

Business Bankruptcy Lawyers | Covington Office

36 W Fifth Street, Covington, KY 41011

Business Bankruptcy Lawyers | Covington Office

100 East RiverCenter Blvd., Suite 450, Covington, KY 41011

Business Bankruptcy Lawyers | Covington Office

109 E 4th St, Covington, KY 41011

Business Bankruptcy Lawyers | Covington Office

525 W. 5th Street, Suite 108, Covington, KY 41011

Business Bankruptcy Lawyers | Covington Office

50 East RiverCenter Boulevard, Suite 1150, Covington, KY 41011

Covington Business Bankruptcy Information

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Lead Counsel Verified Attorneys In Covington

Lead Counsel independently verifies Business Bankruptcy attorneys in Covington and checks their standing with Kentucky bar associations.

Our Verification Process and Criteria
  • Ample Experience Attorneys must meet stringent qualifications and prove they practice in the area of law they’re verified in.
  • Good Standing Be in good standing with their bar associations and maintain a clean disciplinary record.
  • Annual Review Submit to an annual review to retain their Lead Counsel Verified status.
  • Client Commitment Pledge to follow the highest quality client service and ethical standards.

Find a Business Bankruptcy Attorney near Covington

Business Bankruptcy

A Covington 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.

Top Questions to Ask a Lawyer

  • What is the usual process to resolve my case? How long will it take to resolve this?
  • What are likely outcomes of a case like mine? What should I expect?

An experienced lawyer should be able to communicate a basic “road map” on how to proceed. The lawyer should be able to walk you through the anticipated process, key considerations, and potential pitfalls to avoid. Once you’ve laid out the facts of your situation to the lawyer, he/she should be able to frame expectations and likely scenarios to help you understand your legal issue.

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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