Top Indianapolis Business Bankruptcy Lawyers Near You

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The Lohmeyer Law Office

Business Bankruptcy Lawyer | Serving Indianapolis, IN

Free Consultation

Se Habla Español

812-221-1877

Personal or Business Bankruptcy? We Are Experienced in Helping Southern Indiana Hoosiers with your Debt Relief Options!

The Lohmeyer Law office has helped hundreds of families across Southern Indiana to eliminate their debts, or reduce them to affordable levels. The Lohmeyer Law office also helps the living with estate planning. If you have questions about the estate of a loved one, or if it is time to write your Will or time to talk about your own estate plan, call us. We currently …

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Kimberly A. Gilbert Attorney at Law, PC

Business Bankruptcy Lawyer | Serving Indianapolis, IN

Free Consultation

765-400-3053

Considering Bankruptcy? Go with Experience to Get You on the "Wright" Track! Call us Today!

Get personal, knowledgeable service with our legal team whether you are facing bankruptcy or you need your Social Security Disability Insurance benefits. At the law office of Kimberly A. Gilbert, Attorney at Law, PC, we are here to help you achieve the solution that best suits your needs. Kimberly (Gilbert) Wright has been assisting people just like you for over 15 years to …

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Jackson & Oglesby Law LLC

Business Bankruptcy Lawyer | Indianapolis, IN

Free Consultation

317-960-4224

Dedicated Bankruptcy Attorneys Leading You down the Road to Financial Freedom

Business Bankruptcy Lawyers in Indianapolis

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Indianapolis Business Bankruptcy Information

Business Bankruptcy

A Indianapolis 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.

Top Questions to Ask When Hiring an Attorney

  • How many years have you been practicing law? How long have you practiced law in the local area?
  • How many cases similar to mine have you handled in the past?
  • What is the likely outcome for my case?

In legal practice, experience matters. An experienced attorney will likely have handled issues similar to yours many, many times. Therefore, after listening to your situation, the attorney should have a reasonable idea of the time line for a case like yours and the likely resolution.

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.

Tips on Hiring an Experienced Lawyer with Business Bankruptcy Cases

The more experienced a lawyer is in legal practice, the more likely he/she will be able to bring about a successful resolution to your issue. Since experience matters, lawyers who've been practicing law for many years (with a successful track record) tend to be in high demand. You should look for information about a lawyer's experience and ask questions during the initial meeting. It's a very good idea to ask the lawyer how many years he/she has been practicing law and the expected outcome of your case.

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.