When a business files for bankruptcy, it may, under most circumstances, either file for Chapter 7 or Chapter 11 bankruptcy in Kenton County, Kentucky.
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 Kenton County, Kentucky 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.
Northern Kentucky Bar Association Lawyer Referral Service - The Northern Kentucky Bar Association in Crestview Hills, KY, maintains a Lawyer Referral Service (LRS). The LRS helps individuals and businesses find an attorney throughout Crestview Hills, Kenton County, and the surrounding areas of Northern Kentucky. Use the online Public Referral Form to receive a referral to a local attorney in one of 25 main practice areas. The service pre-screens the attorneys for their good standing with the Kentucky State Bar and experience in the needed practice area.