Top Hilton Head Island, SC Business Bankruptcy Lawyers Near You
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Burr Forman McNair LLP
Business Bankruptcy Lawyers | Bluffton Office | Serving Hilton Head Island, SC
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Rogers Townsend, PC
Business Bankruptcy Lawyers | Beaufort Office | Serving Hilton Head Island, SC
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Law Office of Stone & Associates
Business Bankruptcy Lawyers | Hilton Head Island Office
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Burr Forman McNair LLP
Business Bankruptcy Lawyers | Hilton Head Island Office
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Nexsen Pruet, LLC
Business Bankruptcy Lawyers | Bluffton Office | Serving Hilton Head Island, SC
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S.C. Legal Services
Business Bankruptcy Lawyers | Beaufort Office | Serving Hilton Head Island, SC
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Law Office of Michael W. Mogil P.A.
Business Bankruptcy Lawyers | Hilton Head Island Office
Hilton Head Island Business Bankruptcy Information
Lead Counsel Verified Attorneys In Hilton Head Island
Lead Counsel independently verifies Business Bankruptcy attorneys in Hilton Head Island by conferring with South Carolina 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.
Business Bankruptcy
A Hilton Head Island 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.
How an Attorney Can Help
An attorney can often resolve your particular legal issue faster and better than trying to do it alone. A lawyer can help you navigate the legal system, while avoiding costly mistakes or procedural errors. You should seek out an attorney whose practice focuses on the area of law most relevant to your issue.
What to Expect from an Initial Consultation
- Seek to determine whether the attorney can represent you. There is no one-size-fits-all legal solution and it may turn out your needs are better served by an attorney in a different specialization.
- It’s important to find a legal ally who is both competent in the law and someone you can trust to protect your interests.
- Discuss how the practice’s billing works and discuss possible additional charges or fees that may arise during or after the resolution of your case.
An attorney consultation should provide you with enough information so that you can make an informed decision on whether to proceed with legal help.
How much does it cost to hire an attorney?
In general, how much an attorney costs will often depend on these four factors: billing method and pricing structure, type of legal work performed, law firm prestige, and attorney experience. Depending on the legal issue you are facing, an attorney may bill you by the hour, settle on a flat fee, or enter into a contingency fee agreement. The type of legal work you need help with will also play a role in cost incurred.
Common legal terms explained
Affidavit – A sworn written statement made under oath. An affidavit is meant to be a supporting document to the court assisting in the verification of certain facts. An affidavit may or may not require notarization.