When companies go out of business and the debts surpass the amount of income, only a good corporate bankruptcy lawyer can help it get out of the difficult situation. Like business cases, companies also get two options when it is about filing for bankruptcy.
Corporate Bankruptcy
June 26, 2010 By
Corporate bankruptcy has been a debatable issue, especially the ones that are granted to companies under chapter 7 of the bankruptcy laws. If a corporation is unable to manage their finances and they are in such a bad state that can no more afford to pay off the debts they owe to their various creditors, they may like to file for bankruptcy in order to get the debt relief. They can file either for chapter 11 or for chapter 7 bankruptcy codes. Corporate bankruptcy cases are governed by federal bankruptcy laws.
Chapter 11 Bankruptcy: Understanding The Basics
June 25, 2010 By
Chapter 11 bankruptcy is also known as corporate bankruptcy. When the financial position of corporation gets out of control with no hope for any improvement, they have the option to file court petition for bankruptcy under chapter 11 of the bankruptcy laws.
Chapter 7 Bankruptcy Forms
June 25, 2010 By
Chapter 7 bankruptcy forms are the most common type of bankruptcy forms. In fact, the concept of bankruptcy that the common man has is defined in chapter 7 and is also known as straight bankruptcy because as per this bankruptcy code, all your assets are liquidated by the trustee, to pay off the debts that you owe to various creditors. The purpose of adding this type of bankruptcy code is to help people with dilapidated financial crisis to have a fresh start in their financial life.
Business Litigation Attorney – Manage Your Business More Efficiently
June 25, 2010 By
A business litigation attorney is a must for every business. The literal meaning of a litigation is a dispute which needs to be resolved by a judge presiding over a court of law. Both the parties in a dispute appoint their lawyers to look after their interests and present their case in front of the judge in such a way that the judge passes the judgment in their favor.
Business Law Attorney – Keep Disputes At Bay
June 25, 2010 By
If you want to run your business smoothly, it is very important to appoint a business law attorney to look after the legal aspects of your business.