Business Bankruptcy Lawyers in Dutchess County, New YorkWhen a business files for bankruptcy, it may, under most circumstances, either file for Chapter 7 or Chapter 11 bankruptcy in Dutchess 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 Dutchess 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 Dutchess County, NY - The Dutchess County Bar Association in Poughkeepsie, New York, was established in 1919. During its long history of serving the pubic and the legal community, the DCBA has created an extensive Lawyer Referral Service. For your convenience, you can access the LRS online through the organization's website. You can also be referred to a local attorney by calling the lawyer referral service.
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