Top Springfield Gardens, NY Business Bankruptcy Lawyers Near You
Business Bankruptcy Lawyers | Serving Springfield Gardens, NY
400 Jericho Turnpike, Suite 226, Jericho, NY 11753
Those confronted with Business Bankruptcy issues can connect with Law Office Of Bradley D. Schnur, Esq. P.C. This practice offers legal help to clients in the Springfield Gardens, New York area.
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1185 Avenue of the Americas, Suite 3400, New York, NY 10036-4003
200 Garden City Plaza, Garden City, NY 11530
225 Broadway, Suite 1900, New York, NY 10007
45 Rockefeller Plaza, New York, NY 10111-0100
600 Old Country Road, Room 410, Garden City, NY 11530
477 Madison Avenue, Suite 1230, New York, NY 10022
950 Third Ave, Suite 2400, New York, NY 10022
1177 Avenue of the Americas, 41st Floor, New York, NY 10036-2714
40 Wall St, 49th Floor, New York, NY 10005
450 Seventh Ave, Suite 1802, New York, NY 10123
711 3rd Ave, 14th Floor, New York, NY 10017
1345 Ave of the Americas, 22nd Floor, New York, NY 10105
462 Seventh Ave, 6th Floor, New York, NY 10018
Business Bankruptcy Lawyers | Serving Springfield Gardens, NY
1131 Route 55, Suite 6, Lagrangeville, NY 12540
100 Church St, Suite 800, New York, NY 10007
420 Lexington Avenue, Suite 2104, New York, NY 10170
200 Park Avenue, New York, NY 10166
Business Bankruptcy Lawyers | Serving Springfield Gardens, NY
150 E 42nd St, New York, NY 10017-5639
810 Seventh Avenue, Suite 1105, New York, NY 10019
160H Dinsmore Street, Staten Island, NY 10314
, New York, NY 10017
909 Third Avenue, 27th Floor, New York, NY 10022
45 Rockefeller Plaza, Suite 2000, New York, NY 10111
600 Third Avenue, 25th Floor, New York, NY 10016
Springfield Gardens Business Bankruptcy Information
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What Is Business Bankruptcy?
Business bankruptcy is for businesses in financial trouble that want to clear or reorganize their debts. Corporations, partnerships, and sole proprietors can generally file Chapter 11 or Chapter 7 bankruptcy. Chapter 11 bankruptcy allows the business to continue operating while reorganizing debts, while Chapter 7 bankruptcy typically means closing or selling the business and liquidating assets.
What Are Some Examples of Situations Where I Might Need a Business Bankruptcy Lawyer?
If your business is struggling with debts that you cannot pay off, a business bankruptcy lawyer can explain your bankruptcy options. While not many people’s preferred option, bankruptcy can help your business discharge company debts or reorganize debts and continue operating. Business bankruptcy can also stop collection actions against company assets.
How Can a Lawyer Help Me With a Business Bankruptcy?
A business bankruptcy lawyer can review your company’s financial situation and represent you in the bankruptcy process. This includes:
- Explaining the benefits and downsides of Chapter 7 and Chapter 11 filing
- Ensuring that collectors stop harassing your business
- Negotiating with creditors for repayment
- Creating a reorganization plan to help your company return to profitability
What Could Happen if I Don’t Hire a Bankruptcy Lawyer?
Not hiring a bankruptcy lawyer can lead to costly errors and prolonged financial stress. If you don’t hire a bankruptcy lawyer, you might make mistakes in the bankruptcy process. These mistakes could lead to your case being dismissed. Without a lawyer’s guidance, you could miss out on important protections, such as stopping creditor harassment or preventing foreclosure. You might also choose the wrong type of bankruptcy, resulting in more financial trouble. Handling bankruptcy alone increases the risk of losing assets you could have kept and wanted to keep. Additionally, you may struggle to negotiate with creditors without a lawyer. This makes it harder to achieve a manageable debt repayment plan or discharge.
What Questions Should I Ask When Trying To Find a Bankruptcy Lawyer in Chicago?
These questions can help you decide if you feel confident that a lawyer has the qualifications, experience, and ability to manage your case well. Many lawyers offer free consultations that allow you to understand your options and get specific legal advice before hiring them. Top questions include:
- What is your experience in handling bankruptcy cases? Have you managed cases like mine? What was the outcome of these cases?
- Do you have experience resolving issues like this in Illinois?
- What is your approach to handling bankruptcy cases?
- What is your record in negotiating favorable debt repayment plans?
- How do you communicate with clients about the progress of their cases?
- How much input will I have about the case strategy?
- What are your fees and billing structure?
Tips for Hiring a Bankruptcy Lawyer
Finding a lawyer who is right for you and will represent your best interests is an important first step in protecting your rights. Find a lawyer who understands your case, knows your needs and goals, and has the experience to get the best outcome. Things to do:
- Ask for recommendations
- Research lawyers online
- Schedule consultations
- Review experience and expertise
- Talk about billing and fees
- Trust your instincts