Business Bankruptcy Lawyers in Albany County, New YorkWhen a business files for bankruptcy, it may, under most circumstances, either file for Chapter 7 or Chapter 11 bankruptcy in Albany County, New York.
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 Albany County, New York 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 Albany County, NY - The Lawyer Referral Service (LRS) of the Albany County Bar Association helps individuals and businesses find a local attorney in Albany, New York, and the surrounding areas. In exchange for a nominal consultation fee of $25, you can contact the private attorney for a 30 minute consultation to discuss your legal concerns and the attorney fees needed for additional representation.
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