Top Los Angeles Business Bankruptcy Lawyers Near You

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A2B Legal

Business Bankruptcy Lawyer | Serving Los Angeles, 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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The Law Offices of Michael Jay Berger

Business Bankruptcy Lawyer | Serving Los Angeles, CA

Free Consultation

Se Habla Español

310-736-1839

Board Certified in Bankruptcy Law. Attentive, Extremely Knowledgeable & Aggressive Bankruptcy Representation. Call Today to Discuss Your Options For a Fresh Start.

Business Bankruptcy Lawyers in Los Angeles

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Los Angeles Business Bankruptcy Information

Business Bankruptcy

A Los Angeles 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.

How an Attorney Can Help

An attorney can often resolve your particular legal issue faster and better than trying to do it alone. A lawyer can help you navigate the legal system, while avoiding costly mistakes or procedural errors. You should seek out an attorney whose practice focuses on the area of law most relevant to your issue.

Tips on Approaching an Initial Attorney Consultation

  • Use the consultation as a means of gaining a better understanding of your legal situation.
  • Ask the attorney how many cases similar to yours he/she has handled. An attorney's experience and knowledge can speak to their expertise (or lack of) in addressing your situation.
  • Your attorney should be able to articulate roughly how long a case like yours will take to resolve and what sort of procedures to expect.
  • Determine how comfortable you are working with the lawyer and/or law firm.

Does firm size matter?

For most consumer legal issues, the size of the practice is much less important than the experience, competence, and reputation of the attorney(s) handling your case. Among the most important factors when choosing an attorney are your comfort level with the attorney or practice and the attorney's track record in bringing about quick, successful resolutions to cases similar to yours.

Common legal terms explained

Plaintiff - a person or party who brings a lawsuit against another person(s) or party/parties in a court of law. Private persons or parties can only file suit in civil court.

Judgment - A decision of the court. Also known as a decree or order. Judgments handed down by the court are usually binding on the parties before the court.

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.