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IowaBusiness Bankruptcy Lawyers in Johnson County, Iowa

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

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 Johnson County, Iowa for legal advice.

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Steven G Klesner

Steven G Klesner
Johnston, Stannard, Klesner, Burbidge & Fitzgerald, P.L.
1927 Keokuk
Iowa City, IA 52244
Licensed for 32 years, Steven G Klesner is a Bankruptcy lawyer... read more >

Randy Ernest Trca

Randy Ernest Trca
Randy Trca Law Firm
1232 Burlington Street
Iowa City, IA 52240
Licensed for 42 years, Randy Ernest Trca is a Bankruptcy lawyer... read more >
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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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