Business Bankruptcy Lawyers in Snohomish County, WashingtonWhen a business files for bankruptcy, it may, under most circumstances, either file for Chapter 7 or Chapter 11 bankruptcy in Snohomish 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 Snohomish 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.
Lawyer Referral Service of the Snohomish County Bar Association - The Snohomish County Bar Association (SCBA) in Everett, Washington, has established a lawyer referral service. The non-profit Lawyer Referral Service helps the public find a qualified local attorney. In exchange for a $35 consultation fee, the individual is entitled to a 30 minute consultation with the attorney at no additional charge. The service screens the attorneys for their experience and good standing with the Washington Sate Bar.
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