When a business files for bankruptcy, it may, under most circumstances, either file for Chapter 7 or Chapter 11 bankruptcy in King County, Washington.
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 King County, Washington 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.
King County Bar Association Lawyer Referral Service - For more than 50 years, the King County Bar Association has managed a Lawyer Referral Service from its offices in Seattle, Washington. Each year the Lawyer Referral Service makes over 6.000 attorney referrals. More than 350 local attorneys participate in the program with 35 different subject matter panels. A $10 processing fee is required for Personal Injury, Worker's Compensation, and Criminal Defense cases. A $45 processing fee is required for other practice areas of the law. After the referral, you can contact the attorney for a 30 minute consultation at no additional charge.