Top Los Angeles Business Bankruptcy Lawyers Near You

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Turoci Bankruptcy Firm

Business Bankruptcy Lawyer | Serving Los Angeles, 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 …

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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 …

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.

What to Expect from an Initial Consultation

  • Seek to determine whether the attorney can represent you. There is no one-size-fits-all legal solution and it may turn out your needs are better served by an attorney in a different specialization.
  • It's important to find a legal ally who is both competent in the law and someone you can trust to protect your interests.
  • Discuss how the practice's billing works and discuss possible additional charges or fees that may arise during or after the resolution of your case.

An attorney consultation should provide you with enough information so that you can make an informed decision on whether to proceed with legal help.

How to Find the Right Attorney

  • Determine the area of law that relates to your issue. Attorneys specialize in specific practice areas around legal issues within the broad field of law.
  • Seek out recommendations from friends, family, and colleagues. A successful attorney or practice will typically have many satisfied clients.
  • Set up consultation appointments to get a better understanding of your case as well as gauge your comfort level with different attorneys. Find the attorney who is the right fit for your needs.

Common legal terms explained

Pro se - This Latin term refers to representing yourself in court instead of hiring professional legal counsel. Pro se representation can occur in either criminal or civil cases.

Statute - Refers to a law created by a legislative body. For example, the laws enacted by Congress are statutes.

Subject matter jurisdiction - Requirement that a particular court have authority to hear the claim based on the specific type of issue brought to the court. For example, the U.S. Bankruptcy Court only has subject matter jurisdiction over bankruptcy filings, therefore it does not have the authority to render binding judgment over other types of cases, such as divorce.

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.