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IllinoisBusiness Bankruptcy Lawyers in Charleston, Illinois

When a business files for bankruptcy, it may, under most circumstances, either file for Chapter 7 or Chapter 11 bankruptcy in Illinois.

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 Illinois for legal advice.

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Roy Jackson Dent

Roy Jackson Dent
Brankey & Smith, P.C.
622 Jackson Ave.
Charleston, IL 61920
Licensed for 26 years, Roy Jackson Dent is a Bankruptcy and Business Bankruptcy lawyer who attended IIT Chicago-Kent College of Law... read more >

Marsha L Combs-Skinner

Marsha L Combs-Skinner
Law Offices of Marsha L. Combs-Skinner
P.O. Box 349
Newman, IL 61942
Licensed for 34 years, Marsha L Combs-Skinner is a Bankruptcy lawyer... read more >

William Kent Thomas

William Kent Thomas
Thomas & Lane
209 South Franklin Street
Robinson, IL 62454
Licensed for 52 years, William Kent Thomas is a Bankruptcy lawyer... read more >
Showing attorneys 1–3 out of 3

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Business Bankruptcy Specialty Areas

Business Bankruptcy Law Certification

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.


Nonprofit Legal Associations

National Association of Consumer Bankruptcy Attorneys

NACBA serves the needs of consumer bankruptcy attorneys and works to protect the rights of consumer debtors.


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