Business Bankruptcy Lawyers | Bluffton Office | Serving Hilton Head Island, SC
Business Bankruptcy Lawyers | Beaufort Office | Serving Hilton Head Island, SC
Business Bankruptcy Lawyers | Hilton Head Island Office
Business Bankruptcy Lawyers | Hilton Head Island Office
Business Bankruptcy Lawyers | Bluffton Office | Serving Hilton Head Island, SC
Business Bankruptcy Lawyers | Beaufort Office | Serving Hilton Head Island, SC
Business Bankruptcy Lawyers | Hilton Head Island Office
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.
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.
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.
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.
An attorney consultation should provide you with enough information so that you can make an informed decision on whether to proceed with legal help.
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.
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.