When a business files for bankruptcy, it may, under most circumstances, either file for Chapter 7 or Chapter 11 bankruptcy in Middlesex 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 Middlesex 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 Middlesex County, MA - The Middlesex County Bar Association (MCBA) sponsors a Lawyer Referral Service (LRS) from its offices in Woburn, Massachusetts. This community based non-profit service is designed to help individuals who can afford reasonable attorney fees but need help finding a qualified local attorney. After you receive the referral you can contact the attorney for a 30 minute consultation in the office or over the phone. You must pay a nominal $25.00 fee for the consultation.