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Key takeaways. When seeking a lawyer to guide you through the bankruptcy process, it is crucial to choose a specialist in bankruptcy law. Opt for a bankruptcy attorney with local expertise, well ...
A bankruptcy lawyer can assess your financial situation, advise you on the most suitable type of bankruptcy to file (such as Chapter 7 or Chapter 13), prepare and file all necessary paperwork ...
As a Chapter 11 bankruptcy is considerably more complex and expensive than a Chapter 13 case, few debtors will choose Chapter 11 if a Chapter 13 bankruptcy is an option. Debtors may also be forced into bankruptcy by creditors in the case of an involuntary bankruptcy, but only under Chapters 7 or 11. However, in most instances, the debtor may ...
Caleb Nelson, Emerson G. Spies Distinguished Professor of Law at the University of Virginia School of Law; Charles Phelps Taft II, Mayor of Cincinnati (1955–1957) Charles R. Saxbe, former member of the Ohio House of Representatives (1975-1982) and 1982 Republican candidate for Ohio Attorney General; Robert A. Taft, U.S. Senator from Ohio ...
Chapter 7 of Title 11 U.S. Code is the bankruptcy code that governs the process of liquidation under the bankruptcy laws of the U.S. In contrast to bankruptcy under Chapter 11 and Chapter 13, which govern the process of reorganization of a debtor, Chapter 7 bankruptcy is the most common form of bankruptcy in the U.S. [1]
On the advice of law firm King & Spalding, filing for Chapter 11 bankruptcy would allow the restaurant chain to stay open while dealing with its debt and help reevaluate long-term contracts and ...
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