Top Detroit, MI Business Bankruptcy Lawyers Near You

Business Bankruptcy Lawyers | Southfield Office | Serving Detroit, MI

16155 West 12 Mile Road, Suite #6, Southfield, MI 48076

Business Bankruptcy Lawyers | Bingham Farms Office | Serving Detroit, MI

31350 Telegraph Rd., Suite 201, Bingham Farms, MI 48025-4366

Business Bankruptcy Lawyers | Royal Oak Office | Serving Detroit, MI

1026 West 11 Mile Road, Royal Oak, MI 48067

Business Bankruptcy Lawyers | Detroit Office

500 Griswold St, Suite 2300, Detroit, MI 48226

Business Bankruptcy Lawyers | Royal Oak Office | Serving Detroit, MI

450 West Fourth Street, Royal Oak, MI 48067-2557

Business Bankruptcy Lawyers | Farmington Office | Serving Detroit, MI

33228 West 12 Mile Road, Suite 115, Farmington, MI 48336

Business Bankruptcy Lawyers | Lathrup Village Office | Serving Detroit, MI

28455 Southfield Rd, Lathrup Village, MI 48076

Business Bankruptcy Lawyers | Detroit Office

500 Woodward Avenue, Suite 4000, Detroit, MI 48226-3425

Business Bankruptcy Lawyers | Novi Office | Serving Detroit, MI

39555 Orchard Hill Place, Suite 600, Novi, MI 48375

Business Bankruptcy Lawyers | Southfield Office | Serving Detroit, MI

3000 Town Center, Suite 1500, Southfield, MI 48075-1231

Business Bankruptcy Lawyers | Livonia Office | Serving Detroit, MI

10535 Farmington Road, Suite B, Livonia, MI 48150

Business Bankruptcy Lawyers | Southfield Office | Serving Detroit, MI

24370 Northwestern Hwy, Ste 300, Southfield, MI 48075

Business Bankruptcy Lawyers | Livonia Office | Serving Detroit, MI

17197 N. Laurel Park Drive, Suite 201, Livonia, MI 48152

Business Bankruptcy Lawyers | Southfield Office | Serving Detroit, MI

26200 Lahser Road, Suite 330, Southfield, MI 48033

Business Bankruptcy Lawyers | Mount Clemens Office | Serving Detroit, MI

44 1st St, Mount Clemens, MI 48043

Business Bankruptcy Lawyers | Detroit Office

400 Renaissance Center, Suite 2600, Detroit, MI 48243

Business Bankruptcy Lawyers | Troy Office | Serving Detroit, MI

2600 W. Big Beaver Rd., Suite 300, Troy, MI 48084-3312

Business Bankruptcy Lawyers | Detroit Office

500 Woodward Avenue, Suite 4000, Detroit, MI 48226-3425

Business Bankruptcy Lawyers | Monroe Office | Serving Detroit, MI

214 East Elm Avenue, Suite 100, Monroe, MI 48162

Business Bankruptcy Lawyers | Birmingham Office | Serving Detroit, MI

550 W. Merrill Street, Suite 100, Birmingham, MI 48009

Business Bankruptcy Lawyers | Detroit Office

150 West Jefferson Avenue, Suite 2500, Detroit, MI 48226

Business Bankruptcy Lawyers | Bloomfield Hills Office | Serving Detroit, MI

41000 Woodward Avenue, Stoneridge West, Bloomfield Hills, MI 48304

Detroit Business Bankruptcy Information

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Lead Counsel Verified Attorneys In Detroit

Lead Counsel independently verifies Business Bankruptcy attorneys in Detroit and checks their standing with Michigan 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 Detroit

Business Bankruptcy

A Detroit 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.

When to Hire a Lawyer

It is in your best interest to get legal help early on in addressing your situation. There are times when hiring a lawyer quickly is critical to your case, such as if you are charged with a crime. It may also be in your best interest to have a lawyer review the fine print before signing legal documents. A lawyer can also help you get the compensation you deserve if you’ve suffered a serious injury. For issues where money or property is at stake, having a lawyer guide you through the complexities of the legal system can save you time, hassle, and possibly a lot of grief in the long run.

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

Affidavit – A sworn written statement made under oath. An affidavit is meant to be a supporting document to the court assisting in the verification of certain facts. An affidavit may or may not require notarization.

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