Ganje Law Office

Posts Tagged ‘bankruptcy attorney’

Bankruptcy Lawyers Make Corporate Bankruptcy Easier and Less Stressful

Why should you turn to a bankruptcy lawyer when your business is in trouble? Because these professionals can make the process of filing a corporate bankruptcy easier! Contact your local bankruptcy attorney today.

For many companies facing financial difficulties, the first question that comes up is, “Why should I use a bankruptcy attorney?” Oftentimes the issue is rooted in money concerns, with small business owners wondering if they can afford to hire a bankruptcy attorney. But when it comes to corporate bankruptcy, the better question is can you afford not to hire a bankruptcy lawyer?

To start with, a bankruptcy attorney is a professional in the industry. That means he or she has years of experience dealing with situations like yours. While it may feel like you’re all alone, when you hire a skilled corporate bankruptcy attorney, you suddenly have a professional batting for you. Not only can this expert best argue your side in a courtroom, he or she may also be able to find a bankruptcy prevention solution.

In many cases, it’s easy for business owners to simply become overwhelmed by their financial obligations and debts, and assume that filing for bankruptcy is the only option. However, there are sometimes better alternatives, including financial workouts and debt restructuring. Even if you’ve given up all hope, your bankruptcy attorney may be able to identify an alternative to bankruptcy protection and work with your debtors to resolve your money problems out of court.

Finally, hiring a bankruptcy attorney allows you to focus on rehabilitating your business while he or she deals with resolving your company’s debt issues. From stopping the harassing phone calls from creditors to working on debt restructuring or bankruptcy negotiations, your bankruptcy lawyer can handle all aspects of your debt resolution while you handle the day-to-day operations of your business. Let your bankruptcy lawyer handle the legal stuff while you do what you do best—run your business.

If it does come down to bankruptcy in the end, your lawyer can provide endless help on technical issues such as filing a Chapter 7 bankruptcy versus a Chapter 11 bankruptcy as well as handling the paperwork and negotiations. So no matter how your corporate bankruptcy turns out, a bankruptcy attorney will prove invaluable during the process. Contact us today for additional information.

  1. Introduction to How Bankruptcy Works [1]
  2. Bankruptcy: Terms and Types [2]
  3. Chapter 11 – Business Bankruptcy [3]
  4. Personal Bankruptcy [4]
  5. The “New” Bankruptcy Law [5]
  6. Origins of Bankruptcy [6]

Sources

• Beltran, Luisa. “WorldCom files largest bankruptcy ever.” CNN Online, July 19, 2002. http://money.cnn.com/2002/07/19/news/worldcom_bankruptcy/
• Business bankruptcy FAQ. LexisNexis. http://www.lawyers.com/lawyers/A~1011121~LDC/BUSINESS+BANKRUPTCY.html
• Bankruptcy Information, FAQs, Chapter 7 & 13 Information. Bankruptcy Action. http://www.bankruptcyaction.com/questions.htm
• Crawford, Krysten. “Ex-WorldCom CEO Ebbers guilty.” CNN Online, March 15, 2005. http://money.cnn.com/2005/03/15/news/newsmakers/ebbers/
• “Delphi files for bankruptcy.” CNN Online. October 8, 2005. http://money.cnn.com/2005/10/08/news/fortune500/delphi_bankrupt/index.htm
• “Kmart files chapter 11.” CNN Online, January 22, 2002. http://money.cnn.com/2002/01/22/companies/kmart/
• Leonard, Robin. “Bankruptcy: Is it the right solution to your debt problems?” Nolo, 2004. ISBN 0-87337-973-x.
• Lisante, Joan E. “New Bankruptcy Law Tightens Rules, Adds Paperwork.” Consumer Affairs, October 14, 2005. http://www.consumeraffairs.com/news04/2005/bankruptcy_2005.html
• The New Bankruptcy Law. NOLO, 2005. http://www.nolo.com/article.cfm/catId/462A9501-9B21-4E09-A08C5A7B8AF51A79/objectId/ B0B66870-4C52-4303-919B10B9611D3EF9/213/161/ART
• “An Overview of Corporate Bankruptcy.” Investopedia, July 8, 2005. http://www.investopedia.com/articles/01/120501.asp
• “Reorganization under the bankruptcy code, chapter 11.” Public Information Series of the Bankruptcy Judges Division. U.S. Courts, December 1998. http://www.ndb.uscourts.gov/forms/Chapter11Information.htm
• Summers, Mark S. “Bankruptcy Explained: A guide for businesses.” John Wiley & Sons, 1989. 0-471-61982-5.
• The United States Trustee Program. U.S. Dept of Justice. http://www.usdoj.gov/ust/