Business Bankruptcy Lawyers in Essex County, MassachusettsWhen a business files for bankruptcy, it may, under most circumstances, either file for Chapter 7 or Chapter 11 bankruptcy in Essex County, Massachusetts.
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 Essex County, Massachusetts 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 Essex County, MA - The Essex County Bar Association (ECBA) sponsors a Lawyer Referral Service (LRS) from its offices in Salem, MA. The attorney referral service is opened from Monday through Friday from 9:00 a.m. to 3:30 p.m. To receive a referral to a local attorney screened for his or her experience in the needed area of the law, you can call the service. After you receive the referral, you can call the attorney to schedule a 30 minute phone or office consultation to discuss the case and the attorney fees needed for additional services.
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