Business Bankruptcy Lawyers in Hampden County, MassachusettsWhen a business files for bankruptcy, it may, under most circumstances, either file for Chapter 7 or Chapter 11 bankruptcy in Hampden 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 Hampden 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 Hampden County, MA - The Hampden County Bar Association (HCBA) sponsors a Lawyer Referral and Information Service (LRIS) from its offices in Springfield, Massachusetts. The service is recognized by the American Bar Association for helping individuals and businesses find a private attorney experienced in the needed practice area of the law. Hundreds of local attorneys participate in the service and have agreed to provide a 30 minute consultation in exchange for a $25.00 consultation fee. During the consultation, you can discuss the case with the attorney and the attorney fees needed for additional representation.
Favorites