When a business files for bankruptcy, it may, under most circumstances, either file for Chapter 7 or Chapter 11 bankruptcy in Richmond 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 Richmond 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 Richmond County, NY - The Richmond County Bar Association in Staten Island has established a Lawyer Referral Service. Use the RCBA website to connect with an attorney qualified to handle your particular type of case. You can also call the service for a referral to an attorney in Staten Island or the surrounding areas in Richmond County, N.Y. The Lawyer Referral Service has hundreds of attorneys experienced in one of more of the 35 different legal practice areas.