Business Bankruptcy Lawyers in Orange County, New YorkWhen a business files for bankruptcy, it may, under most circumstances, either file for Chapter 7 or Chapter 11 bankruptcy in Orange 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 Orange 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 Orange County, NY - The Orange County Bar Association was established in 1910. It manages a non-profit Lawyer Referral Service to help individuals and businesses find a qualified attorney in Goshen, New York, and throughout Orange County. You can use the website of the Orange County Bar Association to search for a local attorney by practice area. If you need an attorney in Goshen, NY, then consider the benefits of using a lawyer referral service sponsored by the local bar association.
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