Business Bankruptcy Lawyers in Lafayette Parish, LouisianaWhen a business files for bankruptcy, it may, under most circumstances, either file for Chapter 7 or Chapter 11 bankruptcy in Lafayette 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 Lafayette 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 Lafeyetta Parish, LA - The Lafeyetta Parish Bar Association (LPBA) sponsors a Lawyer Referral and Information Service (LRIS) in Lafayette, LA. The purpose of the LPBA LRIS is to administer a coordinated system to help individuals and businesses find a local attorney with experience in the needed practice area. In exchange for a $25 initial consultation fee, you can schedule a 30 minute office consultation to meet with the attorney to discuss the case and the attorney fees needed for additional services beyond the consultation. The $25 consultation fee is waived personal injury, workers' compensation, or social security cases.
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