When a business files for bankruptcy, it may, under most circumstances, either file for Chapter 7 or Chapter 11 bankruptcy in Monroe 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 Monroe 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 Monroe County, NY - The Monroe County Bar Association in Rochester, NY, established a Lawyer Referral Service. The LRS provides the public with an online referral to a local attorney experienced in a particular practice area of the law. To receive the referral, simply fill out the online form and choose the appropriate subject matter category. For most practice areas, you must pay a $40.00 referral fee. You can then schedule a 30 minute consultation with the local attorney at no additional charge.