Business Bankruptcy Lawyers in Onondaga County, New YorkWhen a business files for bankruptcy, it may, under most circumstances, either file for Chapter 7 or Chapter 11 bankruptcy in Onondaga 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 Onondaga 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 Onondaga County, NY - The Onondaga County Bar Association (OCBA) operates a non-profit Lawyer Referral Service in Syracuse, NY. This community based non-profit service helps individuals and businesses find a local attorney throughout Syracuse and Onondaga County, NY. The staff of the LRS is available during normal business hours on Monday through Friday from 9:00 a.m. to 4:00 p.m. to help you find a private attorney experienced in solving a specific type of legal problem.
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