Top East Setauket, NY Business Bankruptcy Lawyers Near You

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    Attorney at Law

    Business Bankruptcy Lawyers | Serving East Setauket, NY

    Business Bankruptcy Lawyers | Serving East Setauket, NY

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    The Lawyer James

    Business Bankruptcy Lawyers | Serving East Setauket, NY

    Business Bankruptcy Lawyers | Serving East Setauket, NY

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    Palacios Law Group

    Business Bankruptcy Lawyers | Serving East Setauket, NY

    Business Bankruptcy Lawyers | Serving East Setauket, NY

  • McDonough PLLC

    Business Bankruptcy Lawyers | Serving East Setauket, NY

    Business Bankruptcy Lawyers | Serving East Setauket, NY

  • Barnes & Thornburg LLP

    Business Bankruptcy Lawyers | Serving East Setauket, NY

    Business Bankruptcy Lawyers | Serving East Setauket, NY

  • Kim & Serritella LLP

    Business Bankruptcy Lawyers | Serving East Setauket, NY

    Business Bankruptcy Lawyers | Serving East Setauket, NY

  • Fine Olin & Anderman LLP

    Business Bankruptcy Lawyers | Serving East Setauket, NY

    Business Bankruptcy Lawyers | Serving East Setauket, NY

  • McLoughlin, O'Hara, Waqner & Kendall, LLP

    Business Bankruptcy Lawyers | Serving East Setauket, NY

    Business Bankruptcy Lawyers | Serving East Setauket, NY

  • Somer & Heller, LLP

    Business Bankruptcy Lawyers | Serving East Setauket, NY

    Business Bankruptcy Lawyers | Serving East Setauket, NY

  • Nelson Mullins Riley & Scarborough LLP

    Business Bankruptcy Lawyers | Serving East Setauket, NY

    Business Bankruptcy Lawyers | Serving East Setauket, NY

  • Hilco Streambank

    Business Bankruptcy Lawyers | Serving East Setauket, NY

    Business Bankruptcy Lawyers | Serving East Setauket, NY

  • The Fierst Law Group, P.C.

    Business Bankruptcy Lawyers | Serving East Setauket, NY

    Business Bankruptcy Lawyers | Serving East Setauket, NY

  • Armstrong Teasdale LLP

    Business Bankruptcy Lawyers | Serving East Setauket, NY

    Business Bankruptcy Lawyers | Serving East Setauket, NY

  • Stradley Ronon Stevens & Young, LLP

    Business Bankruptcy Lawyers | Serving East Setauket, NY

    Business Bankruptcy Lawyers | Serving East Setauket, NY

  • Griffin Hamersky LLP

    Business Bankruptcy Lawyers | Serving East Setauket, NY

    Business Bankruptcy Lawyers | Serving East Setauket, NY

  • Riker Danzig Scherer Hyland & Perretti LLP

    Business Bankruptcy Lawyers | Serving East Setauket, NY

    Business Bankruptcy Lawyers | Serving East Setauket, NY

  • James Glucksman, Esq.

    Business Bankruptcy Lawyers | Serving East Setauket, NY

    Business Bankruptcy Lawyers | Serving East Setauket, NY

  • Hasbani & Light, P.C.

    Business Bankruptcy Lawyers | Serving East Setauket, NY

    Business Bankruptcy Lawyers | Serving East Setauket, NY

  • Shipman & Goodwin LLP

    Business Bankruptcy Lawyers | Serving East Setauket, NY

    Business Bankruptcy Lawyers | Serving East Setauket, NY

  • Lefkowicz Law, PLLC

    Business Bankruptcy Lawyers | Serving East Setauket, NY

    Business Bankruptcy Lawyers | Serving East Setauket, NY

  • Tayne Law Group, P.C.

    Business Bankruptcy Lawyers | Serving East Setauket, NY

    Business Bankruptcy Lawyers | Serving East Setauket, NY

  • Brach Eichler LLC

    Business Bankruptcy Lawyers | Serving East Setauket, NY

    Business Bankruptcy Lawyers | Serving East Setauket, NY

  • Winslett Studnicky McCormick & Bomser LLP

    Business Bankruptcy Lawyers | Serving East Setauket, NY

    Business Bankruptcy Lawyers | Serving East Setauket, NY

  • Gordon Rees Scully Mansukhani, LLP

    Business Bankruptcy Lawyers | Serving East Setauket, NY

    Business Bankruptcy Lawyers | Serving East Setauket, NY

  • Reid & Wise LLC

    Business Bankruptcy Lawyers | Serving East Setauket, NY

    Business Bankruptcy Lawyers | Serving East Setauket, NY

East Setauket Business Bankruptcy Information

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Lead Counsel Verified Attorneys In East Setauket

Lead Counsel independently verifies Business Bankruptcy attorneys in East Setauket by conferring with New York 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 East Setauket Business Bankruptcy Attorney in your area

Business Bankruptcy

A East Setauket 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.

Best Time to Seek Legal Help

No matter what your legal issue may be, it is always best to seek legal help early in the process. An attorney can help secure what is likely to be the best possible outcome for your situation and avoid both unnecessary complications or errors.

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.

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

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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