Business Bankruptcy Lawyers in El Paso County, ColoradoWhen a business files for bankruptcy, it may, under most circumstances, either file for Chapter 7 or Chapter 11 bankruptcy in El Paso 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 El Paso 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.
Lawyer Referral Service in El Paso County - The El Paso County Bar Association sponsors a non-profit Lawyer Referral Service to help residents of Colorado Springs and the surrounding areas of El Paso County, Colorado, find a qualified attorney. The attorneys that participate in the service are screened to confirm their experience in a particular practice area. The service also confirms that the attorney is in good standing with the Colorado State Bar, the local bar association, and has a clean disciplinary record. The LRS also serves individuals in Cripple Creek and throughout Teller County, Colorado.
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