Bankruptcy 1: The First Step
Q: If a business owner is considering filing bankruptcy, what is the first step?
A: The determination as to whether to file and which chapter to file is one that has to be made with the help of professionals.
The decision is based on the particular facts of your unique situation. You cannot decide in a vacuum-many issues must be considered: the creditors, the assets, the prospects of business reorganization.
Start with experienced bankruptcy lawyers-lawyers who are certified by the American Board of Certification in this area. Bankruptcy and creditors' rights law requires highly specialized skills.
For more insight, register now for our most important teleseminar of the year on The New Bankruptcy Laws.
