Business Bankruptcy Lawyers in Broomfield County, ColoradoWhen a business files for bankruptcy, it may, under most circumstances, either file for Chapter 7 or Chapter 11 bankruptcy in Broomfield County, Colorado.
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 Broomfield County, Colorado 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.
The Metropolitan Lawyer Referral Service - The MRLS is sponsored by several local bar associations including the Adams-Broomfield Bar Association. Since 1972, the MLRS has been helping individuals and businesses during their search for an attorney in Broomfield, Colorado. This non-profit and community based service screens local attorneys for their experience and good standing with the Colorado State Bar. The advantage of using a lawyer referral service includes the ability to speak with a trained staff person, pay a $75 consultation fee and receive an impartial referral to a local attorney with experience with that type of case.
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