Top Minnetonka, MN Business Bankruptcy Lawyers Near You

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    Taft Stettinius & Hollister LLP

    Business Bankruptcy Lawyers | Serving Minnetonka, MN

    Business Bankruptcy Lawyers | Serving Minnetonka, MN

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    Faegre Drinker Biddle & Reath LLP

    Business Bankruptcy Lawyers | Serving Minnetonka, MN

    Business Bankruptcy Lawyers | Serving Minnetonka, MN

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    Messerli | Kramer

    Business Bankruptcy Lawyers | Serving Minnetonka, MN

    Business Bankruptcy Lawyers | Serving Minnetonka, MN

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    Heimerl & Lammers

    Business Bankruptcy Lawyers | Serving Minnetonka, MN

    Business Bankruptcy Lawyers | Serving Minnetonka, MN

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    Heimerl & Lammers

    Business Bankruptcy Lawyers | Minnetonka, MN

    Business Bankruptcy Lawyers | Minnetonka, MN

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    Bushnell & Best, PLLC

    Business Bankruptcy Lawyers | Serving Minnetonka, MN

    Business Bankruptcy Lawyers | Serving Minnetonka, MN

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    Lewis Brisbois Bisgaard & Smith, LLP

    Business Bankruptcy Lawyers | Serving Minnetonka, MN

    Business Bankruptcy Lawyers | Serving Minnetonka, MN

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    Dougherty, Molenda, Solfest, Hills & Bauer P.A.

    Business Bankruptcy Lawyers | Serving Minnetonka, MN

    Business Bankruptcy Lawyers | Serving Minnetonka, MN

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    Lathrop GPM

    Business Bankruptcy Lawyers | Serving Minnetonka, MN

    Business Bankruptcy Lawyers | Serving Minnetonka, MN

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    Heimerl & Lammers

    Business Bankruptcy Lawyers | Serving Minnetonka, MN

    Business Bankruptcy Lawyers | Serving Minnetonka, MN

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    Messerli | Kramer

    Business Bankruptcy Lawyers | Serving Minnetonka, MN

    Business Bankruptcy Lawyers | Serving Minnetonka, MN

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    DeWitt LLP

    Business Bankruptcy Lawyers | Serving Minnetonka, MN

    Business Bankruptcy Lawyers | Serving Minnetonka, MN

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    Bushnell & Best, PLLC

    Business Bankruptcy Lawyers | Serving Minnetonka, MN

    Business Bankruptcy Lawyers | Serving Minnetonka, MN

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    Messerli | Kramer

    Business Bankruptcy Lawyers | Serving Minnetonka, MN

    Business Bankruptcy Lawyers | Serving Minnetonka, MN

  • Atlas Law Firm, LLC

    Business Bankruptcy Lawyers | Serving Minnetonka, MN

    Business Bankruptcy Lawyers | Serving Minnetonka, MN

  • GKG Law, P.C.

    Business Bankruptcy Lawyers | Serving Minnetonka, MN

    Business Bankruptcy Lawyers | Serving Minnetonka, MN

  • Tiede Grabarski PLLC

    Business Bankruptcy Lawyers | Serving Minnetonka, MN

    Business Bankruptcy Lawyers | Serving Minnetonka, MN

  • Friedman Murray, PLLC

    Business Bankruptcy Lawyers | Serving Minnetonka, MN

    Business Bankruptcy Lawyers | Serving Minnetonka, MN

  • Vogel Law Firm

    Business Bankruptcy Lawyers | Serving Minnetonka, MN

    Business Bankruptcy Lawyers | Serving Minnetonka, MN

  • Steven J. Lodge, PLLC

    Business Bankruptcy Lawyers | Serving Minnetonka, MN

    Business Bankruptcy Lawyers | Serving Minnetonka, MN

  • Spencer Fane LLP

    Business Bankruptcy Lawyers | Serving Minnetonka, MN

    Business Bankruptcy Lawyers | Serving Minnetonka, MN

  • Hogan Lovells US LLP

    Business Bankruptcy Lawyers | Serving Minnetonka, MN

    Business Bankruptcy Lawyers | Serving Minnetonka, MN

  • Saul Ewing Arnstein & Lehr LLP

    Business Bankruptcy Lawyers | Serving Minnetonka, MN

    Business Bankruptcy Lawyers | Serving Minnetonka, MN

  • Tanabe Law

    Business Bankruptcy Lawyers | Serving Minnetonka, MN

    Business Bankruptcy Lawyers | Serving Minnetonka, MN

Minnetonka Business Bankruptcy Information

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Lead Counsel Verified Attorneys In Minnetonka

Lead Counsel independently verifies Business Bankruptcy attorneys in Minnetonka by conferring with Minnesota 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 Minnetonka Business Bankruptcy Attorney in your area

Business Bankruptcy

A Minnetonka 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.

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.

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

Pro se – This Latin term refers to representing yourself in court instead of hiring professional legal counsel. Pro se representation can occur in either criminal or civil cases.

Statute – Refers to a law created by a legislative body. For example, the laws enacted by Congress are statutes.

Subject matter jurisdiction – Requirement that a particular court have authority to hear the claim based on the specific type of issue brought to the court. For example, the U.S. Bankruptcy Court only has subject matter jurisdiction over bankruptcy filings, therefore it does not have the authority to render binding judgment over other types of cases, such as divorce.

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