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Top Detroit, MI Business Bankruptcy Lawyers Near You

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

44 1st St, Mount Clemens, MI 48043

Business Bankruptcy Lawyers | Livonia Office | Serving Detroit, MI

10535 Farmington Road, Suite B, Livonia, MI 48150

Business Bankruptcy Lawyers | Detroit Office

500 Griswold St, Suite 2300, Detroit, MI 48226

Business Bankruptcy Lawyers | Detroit Office

400 Renaissance Center, Suite 2600, Detroit, MI 48243

Business Bankruptcy Lawyers | Southfield Office | Serving Detroit, MI

4000 Town Center, Suite 1350, Southfield, MI 48075

Business Bankruptcy Lawyers | Detroit Office

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

Business Bankruptcy Lawyers | Detroit Office

500 Woodward Avenue, Suite 3500, Detroit, MI 48226-3435

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

39395 West 12 Mile Road, Suite 200, Farmington Hills, MI 48331

Business Bankruptcy Lawyers | Detroit Office

660 Woodward Avenue, Suite 2290, 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 | Farmington Hills Office | Serving Detroit, MI

30057 Orchard Lake Road, Suite 200, Farmington Hills, MI 48334

Business Bankruptcy Lawyers | Southfield Office | Serving Detroit, MI

26200 Lahser Road, Suite 330, Southfield, MI 48033

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

PO Box 3512, Farmington Hills, MI 48333

Business Bankruptcy Lawyers | Garden City Office | Serving Detroit, MI

29211 Ford Rd, Garden City, MI 48135

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

35055 W 12 Mile Rd, Ste 207, Farmington Hills, MI 48331

Business Bankruptcy Lawyers | Troy Office | Serving Detroit, MI

803 W Big Beaver Rd, Suite 203, Troy, MI 48084

Business Bankruptcy Lawyers | Birmingham Office | Serving Detroit, MI

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

Business Bankruptcy Lawyers | Novi Office | Serving Detroit, MI

39500 High Pointe Blvd, Suite 155, Novi, MI 48375

Business Bankruptcy Lawyers | Lake Orion Office | Serving Detroit, MI

189 W. Clarkston Rd., Suite 1, Lake Orion, MI 48362

Business Bankruptcy Lawyers | Troy Office | Serving Detroit, MI

3150 Livernois, Suite 275, Troy, MI 48083

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

31800 Northwestern Highway, Suite 350, Farmington Hills, MI 48334

Detroit Business Bankruptcy Information

Lead Counsel Badge

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.

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.

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.

Does firm size matter?

For most consumer legal issues, the size of the practice is much less important than the experience, competence, and reputation of the attorney(s) handling your case. Among the most important factors when choosing an attorney are your comfort level with the attorney or practice and the attorney’s track record in bringing about quick, successful resolutions to cases similar to yours.

Common legal terms explained

Personal jurisdiction – Requirement that a particular court have authority over a person, in order to bind that person to the judgment of the court, based on minimum contacts. International Shoe Co v. Washington is a landmark Supreme Court case outlining the scope of a state court’s reach in personal jurisdiction.

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