Business Bankruptcy Lawyers in Teller County, ColoradoWhen a business files for bankruptcy, it may, under most circumstances, either file for Chapter 7 or Chapter 11 bankruptcy in Teller 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 Teller 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 for Teller County - The El Paso County Bar Association sponsors a non-profit Lawyer Referral Service to help residents of Cripple Creek and throughout Teller County, Colorado, find a qualified attorney. The service also serves individuals in El Paso County. 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.
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