When a business files for bankruptcy, it may, under most circumstances, either file for Chapter 7 or Chapter 11 bankruptcy in Hawaii.
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 Hawaii 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 Hawaii - For more than 35 years, the Hawaii State Bar Association in Honolulu, HI, has sponsored a Lawyer Referral and Information Service (LRIS). The LRIS is the only lawyer referral service in the state. The Lawyer Referral Service in Hawaii can refer you to a local attorney who is experienced in a particular type of legal practice. Attorneys throughout the State of Hawaii participate in this public service including attorneys in Oahu, Kauai, Maui, West-Hawaii, or East-Hawaii.