Top Port Jefferson, NY Business Bankruptcy Lawyers Near You

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    Paul Hastings LLP

    Business Bankruptcy Lawyers | Serving Port Jefferson, NY

    Business Bankruptcy Lawyers | Serving Port Jefferson, NY

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    Palacios Law Group

    Business Bankruptcy Lawyers | Serving Port Jefferson, NY

    Business Bankruptcy Lawyers | Serving Port Jefferson, NY

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    Davidoff Hutcher & Citron LLP

    Business Bankruptcy Lawyers | Serving Port Jefferson, NY

    Business Bankruptcy Lawyers | Serving Port Jefferson, NY

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    Norris McLaughlin, P.A.

    Business Bankruptcy Lawyers | Serving Port Jefferson, NY

    Business Bankruptcy Lawyers | Serving Port Jefferson, NY

  • Scannavino Law LLP

    Business Bankruptcy Lawyers | Serving Port Jefferson, NY

    Business Bankruptcy Lawyers | Serving Port Jefferson, NY

  • Silverberg Law Firm

    Business Bankruptcy Lawyers | Serving Port Jefferson, NY

    Business Bankruptcy Lawyers | Serving Port Jefferson, NY

  • Law Office of Rachel L. Kaylie

    Business Bankruptcy Lawyers | Serving Port Jefferson, NY

    Business Bankruptcy Lawyers | Serving Port Jefferson, NY

  • Ritter Law, LLC

    Business Bankruptcy Lawyers | Serving Port Jefferson, NY

    Business Bankruptcy Lawyers | Serving Port Jefferson, NY

  • The Dalton Firm, PC

    Business Bankruptcy Lawyers | Serving Port Jefferson, NY

    Business Bankruptcy Lawyers | Serving Port Jefferson, NY

  • Kirby Aisner & Curley LLP

    Business Bankruptcy Lawyers | Serving Port Jefferson, NY

    Business Bankruptcy Lawyers | Serving Port Jefferson, NY

  • Raisner Roupinian LLP

    Business Bankruptcy Lawyers | Serving Port Jefferson, NY

    Business Bankruptcy Lawyers | Serving Port Jefferson, NY

  • Zeltser Law Group, PLLC

    Business Bankruptcy Lawyers | Serving Port Jefferson, NY

    Business Bankruptcy Lawyers | Serving Port Jefferson, NY

  • The Exoneration Initiative

    Business Bankruptcy Lawyers | Serving Port Jefferson, NY

    Business Bankruptcy Lawyers | Serving Port Jefferson, NY

  • Lachtman Cohen, P.C.

    Business Bankruptcy Lawyers | Serving Port Jefferson, NY

    Business Bankruptcy Lawyers | Serving Port Jefferson, NY

  • Zirinsky Law Partners PLLC

    Business Bankruptcy Lawyers | Serving Port Jefferson, NY

    Business Bankruptcy Lawyers | Serving Port Jefferson, NY

  • James Glucksman, Esq.

    Business Bankruptcy Lawyers | Serving Port Jefferson, NY

    Business Bankruptcy Lawyers | Serving Port Jefferson, NY

  • Adam L. Rosen PLLC

    Business Bankruptcy Lawyers | Serving Port Jefferson, NY

    Business Bankruptcy Lawyers | Serving Port Jefferson, NY

  • Howard E. Knispel, P.C.

    Business Bankruptcy Lawyers | Serving Port Jefferson, NY

    Business Bankruptcy Lawyers | Serving Port Jefferson, NY

  • The Cassidy Law Firm

    Business Bankruptcy Lawyers | Serving Port Jefferson, NY

    Business Bankruptcy Lawyers | Serving Port Jefferson, NY

  • Law Offices of Patel and Soltis

    Business Bankruptcy Lawyers | Serving Port Jefferson, NY

    Business Bankruptcy Lawyers | Serving Port Jefferson, NY

  • Mandelbaum Salsburg, PC

    Business Bankruptcy Lawyers | Serving Port Jefferson, NY

    Business Bankruptcy Lawyers | Serving Port Jefferson, NY

  • The Law Office of Tauseef S. Ahmed

    Business Bankruptcy Lawyers | Serving Port Jefferson, NY

    Business Bankruptcy Lawyers | Serving Port Jefferson, NY

  • Nelson Mullins Riley & Scarborough LLP

    Business Bankruptcy Lawyers | Serving Port Jefferson, NY

    Business Bankruptcy Lawyers | Serving Port Jefferson, NY

  • Hasbani & Light, P.C.

    Business Bankruptcy Lawyers | Serving Port Jefferson, NY

    Business Bankruptcy Lawyers | Serving Port Jefferson, NY

  • Greenbaum, Rowe, Smith & Davis LLP

    Business Bankruptcy Lawyers | Serving Port Jefferson, NY

    Business Bankruptcy Lawyers | Serving Port Jefferson, NY

Port Jefferson Business Bankruptcy Information

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Lead Counsel Verified Attorneys In Port Jefferson

Lead Counsel independently verifies Business Bankruptcy attorneys in Port Jefferson 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 Port Jefferson Business Bankruptcy Attorney in your area

Business Bankruptcy

A Port Jefferson 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

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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