Business Bankruptcy Lawyers in Will County, IllinoisWhen a business files for bankruptcy, it may, under most circumstances, either file for Chapter 7 or Chapter 11 bankruptcy in Will 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 Will 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 Will County, IL - The Will County Bar Association in Joliet, IL, sponsors a lawyer referral service. Private attorneys that practice within Joliet and throughout Will County serve on different panels depending on their experience in a particular practice area. The stated purpose of the program is to "assist the general public by providing a way in which any person who can afford to pay a reasonable fee for legal services may be referred to a qualified member of the bar." In exchange for a nominal $15 consultation fee, you will receive a 30 minute office consultation with the attorney to discuss the case and the attorney fees needed for additional representation.
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