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MaineBusiness Bankruptcy Lawyers in Penobscot County, Maine

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

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 Penobscot County, Maine for legal advice.

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Carl D McCue

Carl D McCue
Law Office of Carl D. McCue
40 Western Ave.
Hampden, ME 04444
Licensed for 44 years, Carl D McCue is a Bankruptcy lawyer... read more >

Perry H O'Brian

Perry H O'Brian
Law Office of Perry O'Brian
46 Columbia Street
Bangor, ME 04401
Licensed for 40 years, Perry H O'Brian is a Bankruptcy lawyer... read more >

James C Munch

James C Munch
Vafiades, Brountas
Box 919
Bangor, ME 04401
Licensed for 33 years, James C Munch is a Bankruptcy lawyer... read more >
Showing attorneys 1–3 out of 3

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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