When a business files for bankruptcy, it may, under most circumstances, either file for Chapter 7 or Chapter 11 bankruptcy in Maricopa County, Arizona.
For most publicly-held companies, filing for Chapter 11 bankruptcy is better because it is a way to rehabilitate the business.
Under a Chapter 7 bankruptcy, all of the assets are liquidated and the business is generally dissolved at the end. Most businesses, therefore, prefer to file for Chapter 11 bankruptcy, in which a trustee is appointed to reorganize the company's finances.
The business may then "emerge" from bankruptcy. Contact a business bankruptcy attorney in Maricopa County, Arizona for legal advice.
Board Certification in Business Bankruptcy Law - The American Board of Certification (ABC) is accredited by the ABA to certify attorneys as specialists in business bankruptcy law.
NACBA serves the needs of consumer bankruptcy attorneys and works to protect the rights of consumer debtors.
Maricopa County Bar Association Lawyer Referral Service - Since 1964, the Lawyer Referral Service sponsored by the Maricopa County Bar Association has been helping the public and local businesses find a qualified attorney in Phoenix and the surrounding areas of Maricopa County, Arizona. With more than 250 attorneys serving on various panels, the Lawyer Referral Service has qualified attorneys experienced in a wide range of cases. For a $40 consultation fee you receive a 30 minute consultation to discuss your case with an experienced attorney. The fee is waived for workers' compensation, personal injury, social security disability, and DUI cases.