Rngbankruptcy

1. Types of corporate bankruptcies

2. Filing bankruptcy is an appropriate medicine for financial distress in business An Experienced Bankruptcy Lawyer can recover the problem Appellate Bankruptcy Lawyer helps to review the lower court's adverse decision

3. Chapter 7 bankruptcy Avail for individual, company, and partnerships Provide asset-selling solutions to protect debtor and creditor's interest Relief from unsecured debts Liquidation of assets is the solution ( liquidation bankruptcy)

4. Chapter 11 bankruptcy It helps to reshape debts in an organized way The debtor requests creditors for a relief period to repay Slide 7 Plan to focus on · Debt plan · Reducing operation cost · Contract some projects or long-term operations · Ask for a repayment plan in 3 to 5 year

5. Chapter 13 bankruptcy A reorganization bankruptcy plan For individuals or entities with regular income flow It helps repayment plan to settle the matter in the stipulated time ( 3 to 5 years)

6. Chapter 15 bankruptcy Support foreign bankruptcy deals. Hire an experienced firm to deal with cross-border cases Cooperation with various jurisdictions to achieve a fair and efficient resolution

7. Out-of-court solution You can hire a lawyer for the process or an experienced financial advisor Avoid formal bankruptcy process, and penalty and save time Creditors and debtors can make a face-to-face solution Debtors can request creditors in a formal or informal way Restructuring a repayment plan

8. · Size of business and revenue · Type of debts and various assets Some facts to check before filing bankruptcy options · Future plan or any long-term goals · Cost and approx time of settlement · Subchapter Bankruptcy Lawyer helps small businesses