Business Bankruptcy Lawyers in DuPage County, IllinoisWhen a business files for bankruptcy, it may, under most circumstances, either file for Chapter 7 or Chapter 11 bankruptcy in DuPage County, 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 DuPage County, Illinois 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 DuPage County - The DuPage County Bar Association sponsors a Lawyer Referral and Mediation Service from its offices in Wheaton, Illinois. The lawyer referral service helps individuals and businesses find an attorney throughout DuPage County and the surrounding areas. Attorneys that participate in the service are pre-screened for their area of concentration in more than 35 different practice areas. For a nominal referral fee, you can talk with the attorney during a 30 minute consultation at no additional charge.
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