Top Long Beach Business Bankruptcy Lawyers Near You

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A2B Legal

Business Bankruptcy Lawyer | Serving Long Beach, CA

714-872-9128

Llame hoy para abordar todas sus necesidades de bancarrota

Bryn C. Deb es una abogada autorizada para ejercer el Derecho en el estado de California y fue aceptada en el Tribunal de Distrito de los Estados Unidos para el Distrito Central de California. .  Con su licenciatura en Economía Empresarial de la Universidad de California en Santa Bárbara, Maestría en Administración de Empresas y Doctorado en …

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Turoci Bankruptcy Firm

Business Bankruptcy Lawyer | Serving Long Beach, CA

Free Consultation

Se Habla Español

888-332-8362

A Bankruptcy Law Firm Representing Clients Throughout Los Angeles County.

Our professionalism, insight, drive, and tenacity has been derived from my personal experience serving as a Deputy District Attorney, a Captain in the Marine Corps, as well as serving as Judge Pro Tem – ensuring the swift and successful discharge of your bankruptcy case. The Turoci Firm will help to put you on the road to restoring your life-style and enjoying your …

Business Bankruptcy Lawyers in Long Beach

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Long Beach Business Bankruptcy Information

Business Bankruptcy

A Long Beach Business Bankruptcy can be a great option if your business is unable to meet its financial obligations and is looking to either restructure debt obligations or liquidate assets. Depending on your company's current financial position, one or both strategies may be an option.

Business Bankruptcy Options

Provided the bankruptcy is not involuntary, your Business Bankruptcy Attorney may recommend either a Chapter 11 ("reorganization"), or chapter 7 ("liquidation") bankruptcy to deal with your company's financial issues.

A Chapter 11 allows a business to reorganize debts and pay off creditor's over a period of time up to five years. A Chapter 7 liquidation forces the company to literally liquidate all assets, pay off creditors, and ultimately, stop operating. This is typically the least desirable option that your Business Bankruptcy Attorney will try to help you avoid.

When to Hire a Lawyer

It is in your best interest to get legal help early on in addressing your situation. There are times when hiring a lawyer quickly is critical to your case, such as if you are charged with a crime. It may also be in your best interest to have a lawyer review the fine print before signing legal documents. A lawyer can also help you get the compensation you deserve if you've suffered a serious injury. For issues where money or property is at stake, having a lawyer guide you through the complexities of the legal system can save you time, hassle, and possibly a lot of grief in the long run.

Top Questions to Ask a Lawyer

  • What is the usual process to resolve my case? How long will it take to resolve this?
  • What are likely outcomes of a case like mine? What should I expect?

An experienced lawyer should be able to communicate a basic "road map" on how to proceed. The lawyer should be able to walk you through the anticipated process, key considerations, and potential pitfalls to avoid. Once you've laid out the facts of your situation to the lawyer, he/she should be able to frame expectations and likely scenarios to help you understand your legal issue.

How much does it cost to hire an attorney?

In general, how much an attorney costs will often depend on these four factors: billing method and pricing structure, type of legal work performed, law firm prestige, and attorney experience. Depending on the legal issue you are facing, an attorney may bill you by the hour, settle on a flat fee, or enter into a contingency fee agreement. The type of legal work you need help with will also play a role in cost incurred.

Common legal terms explained

Personal jurisdiction - Requirement that a particular court have authority over a person, in order to bind that person to the judgment of the court, based on minimum contacts. International Shoe Co v. Washington is a landmark Supreme Court case outlining the scope of a state court's reach in personal jurisdiction.

Lead Counsel Rated Attorneys

Lead Counsel's objective process independently verifies attorney records, conferring with state bars across the country and conducting annual reviews to confirm that the attorney practices in the legal categories as indicated, possesses a valid bar license, and is eligible to practice in the specific jurisdiction.