Business Bankruptcy Lawyers in East Baton Rouge Parish, LouisianaWhen a business files for bankruptcy, it may, under most circumstances, either file for Chapter 7 or Chapter 11 bankruptcy in East Baton Rouge Parish, Louisiana.
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 East Baton Rouge Parish, Louisiana 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 Baton Rouge - The Baton Rouge Bar Association (BRBA) sponsors a Lawyer Referral and Information Service (LRIS) for East Baton Rouge Parish, West Baton Rouge Parish and the surrounding areas. In exchange for a $50 consultation fee, you will be referred to a local attorney experienced in the needed practice area for a 30 minute consultation at no additional charge. During the consultation, you can discuss the case with the attorney and the fees needed for additional representation. Call the LRIS directly for more information 225-344-9926.
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