When a business files for bankruptcy, it may, under most circumstances, either file for Chapter 7 or Chapter 11 bankruptcy in Rockland 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 Rockland 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 Rockland County, NY - The Rockland County Bar Association in New City, NY, sponsors a Lawyer Referral Service. The service helps individuals and businesses find an attorney throughout New City, New York, and the surrounding areas of Rockland County. Last year, the LRS made more than 1,500 referrals to private attorneys who participate in the program. The service carefully pre-screens the local attorneys for their good standing with the state bar and experience in the needed practice area of the law. In exchange for a $50 fee you will receive a 30 minute consultation with the attorney to discuss your legal concerns and the attorney fees for additional representation.