Business Bankruptcy Lawyers in Orleans Parish, LouisianaWhen a business files for bankruptcy, it may, under most circumstances, either file for Chapter 7 or Chapter 11 bankruptcy in Orleans 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 Orleans 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.
New Orleans Bar Association Lawyer Referral Service - The New Orleans Bar Association (NOBA) sponsors a Lawyer Referral Service (LRS) for Orleans Parish. The NOBA LRS is a community based service providing unbiased referrals. The attorneys are pre-screened for their qualifications and experience. It receives more than 26,000 calls and e-mails each year. It makes approximately 6,700 referrals each year to local attorneys experienced in the needed practice area of the law. Call the NOBA LRS at 504-561-8828 for more information.
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