If your business is in serious debt and your creditors and bill collectors are harassing you, but you can't pay back your business debts, then chapter 7 business bankruptcy may be an option for you. Chapter 7 business bankruptcy is a way for a business to liquidate assets to then pay creditor.
As business owners, it's best to leave your debt concerns and financial problems to the experts. There are too many Bankruptcy laws, rules and procedures to deal with. Calling a a Carbondale chapter 7 business bankruptcy lawyer will help you understand the pros and cons of this type of bankruptcy.
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.
An attorney consultation should provide you with enough information so that you can make an informed decision on whether to proceed with legal help.
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.
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'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.