When a business files for bankruptcy, it may, under most circumstances, either file for Chapter 7 or Chapter 11 bankruptcy in New Haven County, Connecticut.
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 New Haven County, Connecticut 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.
New Haven County Bar Association Lawyer Referral Service - The Lawyer Referral Service sponsored by the New Haven County Bar Association helps individuals and businesses find a qualified private attorney throughout the New Haven, Waterbury, Valley and Shoreline areas of Connecticut. The service is designed for individuals who can afford to hire a private attorney but need help finding the best attorney for their particular case. When you call this community based service in New Haven, CT, a trained staff person will determine which type of attorney might be best suited for your case. If a referral is appropriate, the service charges a nominal processing fee. Attorneys that participate in the service must carry malpractice insurance and are pre-screened for their experience and good standing with the Connecticut State Bar.