Top Torrance Business Bankruptcy Lawyers Near You

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A2B Legal

Business Bankruptcy Lawyer | Serving Torrance, 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 Torrance, 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 Torrance

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Torrance Business Bankruptcy Information

Business Bankruptcy

A Torrance 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.

The Importance of a Good Consultation

The goal of an initial consultation is to find an attorney you are comfortable working with and someone who can help you understand your options under the law. Seek to understand the relevant legal experience the attorney brings to your case. While it is not realistic to expect an attorney to resolve your legal issue during an initial consultation, you should gain a level of comfort with his/her ability to do so. A good consultation can clarify issues, raise pertinent questions and considerations for your case, and help you make an informed decision towards resolving your legal issue.

Points to Consider Before Hiring a Lawyer

Experience. Regardless of the type of legal matter you need help with, an experienced attorney will usually be able to get you better results.

Competence. Determine an attorney's expertise by asking about their track record for the issue you need help with resolving.

Fit. There are plenty of good attorneys out there; make sure you find one you are comfortable working with.

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.