When a business files for bankruptcy, it may, under most circumstances, either file for Chapter 7 or Chapter 11 bankruptcy in Pima 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 Pima 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.
Pima County Bar Association Lawyer Referral Service - The Pima County Bar Association sponsors a Lawyer Referral Service that helps the public find a qualified attorney in Tucson, Arizona, and the surrounding areas of Pima County. Attorneys that serve on the panels are experienced in one of 36 different practice areas and practice in the greater Tucson area. When you call the service a trained staff person will refer you to a local attorney with experience in the needed practice area. In exchange for a $35 consultation fee you will receive a 30 minute consultation with the attorney.