Business Bankruptcy Lawyers in Worcester County, MassachusettsWhen a business files for bankruptcy, it may, under most circumstances, either file for Chapter 7 or Chapter 11 bankruptcy in Worcester 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 Worcester 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 Worcester County, MA - The Worcester County Bar Association sponsors a Lawyer Referral Service from its offices in Worcester, MA. The non-profit public service helps individuals and businesses find a qualified local attorney with experience in the needed practice area. The service does not provide any pro bono services. It is intended for individuals who can afford reasonable attorney fees but need help finding the right attorney.
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