Business bankruptcy attorney
There are a number of businesses big and small that file bankruptcy every year. Deciding to file bankruptcy is not an easy decision for a business entity . Moreover the bankruptcy proceeding for filing a business is different than for an individual. Business bankruptcy filing also involves a lot of complex issues that can be beyond the understanding and hence require detailed legal understanding. It is hence advised to take the help of a business bankruptcy attorney.
The business bankruptcy attorney would be able to guide you on how to go about filing bankruptcy and what are the exemptions that you can get and various other issues.
Taking the help of the business bankruptcy attorneyBusiness bankruptcies are usually filed under Chapter 11. this is a reorganization proceeding where the debts of the business are reorganized and the business does not have to shut down.
The business that files bankruptcy under Chapter 11 becomes a debtor in possession and in the beginning there is no trustee appointed. The business is given a chance to prepare a reorganization plan to pay off the debts and this plan needs to be recognized by most of the creditors. If the creditors agree and the court confirms the plan then the business follows this plan.
The business bankruptcy attorney can help you in making this plan and in helping you reduce the debts by paying back a portion of the obligatory debts and get the others discharged. The attorney can also help in terminating some leases and contracts that would have become burdensome.
Fees charged by the bankruptcy attorney California
The fees charged by the business bankruptcy attorney depends on how complicated your case is and the measures that it involves. It also depends on the chapter in which you are filing bankruptcy and also the state in which you are filing.
The attorneys usually charge on hourly basis and calculate the number of hours that they spend on your case and you would have to pay accordingly. When you approach an attorney you are required to sign an agreement which contains, the clauses as well as the fees that the attorney charges. You should read this document carefully and then sign it.
Choosing a good business bankruptcy attorney
The most important thing while choosing a business bankruptcy attorney is the trustworthiness of the attorney. The attorney should keep the proceedings confidential so that the employees and other competitors don ?t come to know. This can affect the business in an adverse manner. It is very important that the business bankruptcy attorney whom you choose should be reputable and experienced in handling such cases. You can start looking for a business bankruptcy attorney by getting references from other attorneys whom you would have previously discussed your business matters.
You should get in touch with different attorneys at least 2-3 and ask them the following questions:
The most important aspect when hiring a bankruptcy attorney is the level of comfort that you share with the attorney. You should deal with an attorney who would be able to guide you properly and give you the best suggestions that are possible.
Business bankruptcy attorneysSome of the attorneys that take up business bankruptcy cases are mentioned below. you can consider contacting them to file business bankruptcy.
Mark J. Markus:
They have been practicing law since 1991 and specialize in bankruptcy cases. They take up bankruptcy cases that are to be filed in central and southern California. You can get an initial free consultation by phone. You can contact them at 11684 Ventura Blvd. PMB 403; Studio CityCA91604. Office Address: By Appointment Only; 2600 W. Olive Ave., 5th Flr. BurbankCA91505. Phone: 818.509.1173; Fax: 818.509.1460.
Mr. Kubat:
They are experienced in handling bankruptcy cases and have handled more than 2000 clients till date. They help business as well as individuals in bankruptcy proceedings. You can contact him at 3000 N.W. Market Street SeattleWA98107, Phone: 206-545-8394
Fax: 206-284-6546.
David W. Langley:
He is a bankruptcy lawyer licensed to practice in the state of Florida. He has over 23 years of experience in handling such cases. He handles Chapter 7, 11, 13 bankruptcy cases and other cases related to tax. You can contact him at 8181 West Broward Blvd., Suite 204 Fort LauderdaleFL33324; Phone: (954) 356-0450 ; Fax: (954) 356-0451;
Mr. Hercules:
He is experienced in handling corporate as well as personal bankruptcy cases. He takes up chapter 7, 11 and 13 bankruptcy cases. You can contact him at 1400 Preston Road, Suite 280 ? PlanoTexas 75093; Telephone (972) 964-9757; Fax (972) 964-0120;.
Arroyo Associates, LLC:
They are committed to helping their clients in the worst situations that they can. They specialize in bankruptcy law and other legal fields also. They have successfully helped many of their clients in filing bankruptcy. You can contact them at 1111 Bonifant Street
Silver Spring , MD 20910 ; Phone: 301.589.8852; Right next to the Silver Spring metro station (red line.).
Silver Bankruptcy:
They specialize in bankruptcy law. They help people who are
being harassed by creditors, file lawsuits and would help you save your assets
and business. They give all their clients personal attention and have low
payment plan options. You can contact them at 26 Court Street Suite - 2511 Brooklyn , NY 11242 / Tel: (718) 855-3834.
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