Business Bankruptcy Lawyers in Tehama County, CaliforniaWhen a business files for bankruptcy, it may, under most circumstances, either file for Chapter 7 or Chapter 11 bankruptcy in Tehama County, California.
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 Tehama County, California for legal advice.
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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.
Northern California Lawyer Referral Service - The Lawyer Referral Service is a community based non-profit service sponsored by Northern California Lawyer Access, Inc. Since 1977, this lawyer referral service has helped individuals and businesses in the northern portion of California. Over time, it has expanded its services to 19 Northern California counties including Tehama County.
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