Business Bankruptcy Lawyers in Kane County, IllinoisWhen a business files for bankruptcy, it may, under most circumstances, either file for Chapter 7 or Chapter 11 bankruptcy in Kane 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 Kane 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 Kane County, IL - The Kane County Bar Association ("KCBA") sponsors a lawyer referral service that helps the public find an attorney in St. Charles, IL, and throughout Kane County. The service can be found on the Kane County Bar Association's website at www.kanecountybar.org. When you visit the website you can select from several options and search criteria including area of practice, location, years of practice, and language requirements. The search will return a list of attorneys who meet those search criteria.
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