Business Bankruptcy Lawyers in Putnam County, New YorkWhen a business files for bankruptcy, it may, under most circumstances, either file for Chapter 7 or Chapter 11 bankruptcy in Putnam 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 Putnam 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.
Attorney Referral Service in Putnam County, NY - The Putnam County Bar Association has established an attorney referral service to help individuals and businesses find a local attorney in Carmel, New York, and the surrounding areas of Putnam County. The Attorney Referral Service screens the attorneys for their good standing without the New York State Bar Association and experience in a particular practice area of the law.
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