Top Smithfield, VA Chapter 11 Bankruptcy Lawyers Near You
780 Lynnhaven Parkway, Suite 400, Virginia Beach, VA 23452
PO Box 1322, Chesapeake, VA 23327
117 Market Street, Suffolk, VA 23434
601 Thimble Shoals Blvd, Suite 210, Newport News, VA 23606
4000 George Washington Mem. Hwy, Yorktown, VA 23692
101 W Main St, Suite 920, Norfolk, VA 23510
500 East Main Street, Suite 801, Norfolk, VA 23510
12350 Jefferson Ave, Suite 170, Newport News, VA 23602
150 West Main Street, Suite 1600, Norfolk, VA 23510
150 Boush Street, Suite 604, Norfolk, VA 23510
200 High Street, Suite 302, Portsmouth, VA 23704
500 East Main Street, Suite 1000, Norfolk, VA 23510
870 North Military Highway, Suite 300, Norfolk, VA 23502
575 Lynnhaven Parkway, Suite 200, Virginia Beach, VA 23452
One City Center, 11815 Fountain Way, Suite 400, Newport News, VA 23606
101 W Main Street, Suite 705, Norfolk, VA 23510
150 Boush Street, Suite 604, Norfolk, VA 23510
258 North Witchduck Road, Suite C, Virginia Beach, VA 23462
2492 North Landing Road, Suite 104, Virginia Beach, VA 23456
101 W. Main Street, Suite 4900, Norfolk, VA 23510
154 Newtown Rd, Suite B2-100, Virginia Beach, VA 23462
500 East Main Street, Suite 1225, Norfolk, VA 23510
533 Newtown Rd, Ste 101, Virginia Beach, VA 23462
760 McGuire Pl, Newport News, VA 23601
2021 Cunningham Drive, Hampton, VA 23666
Smithfield Chapter 11 Bankruptcy Information
Lead Counsel Verified Attorneys in Smithfield
Lead Counsel independently verifies Chapter 11 Bankruptcy attorneys in Smithfield and checks their standing with Virginia bar associations.
Our Verification Process and Criteria
Ample Experience
Attorneys must meet stringent qualifications and prove they practice in the area of law they’re verified in.
Good Standing
Be in good standing with their bar associations and maintain a clean disciplinary record.
Annual Review
Submit to an annual review to retain their Lead Counsel Verified status.
Client Commitment
Pledge to follow the highest quality client service and ethical standards.
What Is Chapter 11 Bankruptcy?
Chapter 11 bankruptcy reorganizes business debts for companies to help make the business profitable. Chapter 11 allows the business to continue operating during the bankruptcy proceedings. The reorganization plan can include partial repayments to priority creditors, closing some operations, selling assets, and more. Creditors can try to convert the bankruptcy to Chapter 7 if they are unhappy with the reorganization plan.
What Are Some Examples of Situations Where I Might Need a Chapter 11 Bankruptcy Lawyer?
If you run or own a business, whether it is a corporation, partnership, or small business, you should consider talking to a business bankruptcy lawyer if:
- Your business is struggling with staying profitable due to rising debts
- Creditors are threatening to file lawsuits or seize business assets
- You believe there is a path back to profitability for your company
How Can a Lawyer Help Me With Bankruptcy?
An experienced bankruptcy lawyer can give you the knowledge and backing you need to navigate the legal system and find the best possible results for you. Because laws regarding bankruptcy exemptions and the property you can keep vary from state to state, speaking with a lawyer near you with knowledge of Illinois’s laws is critical in understanding your situation and making the best decisions. A bankruptcy lawyer can help with:
- Legal advice and counsel
- Negotiating with creditors
- Filing legal motions and taking care of administrative duties
- Improving your chances of keeping your assets and getting everything settled favorably
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