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Rngbankruptcy.pdf

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 In case of a fraudulent case or complex litigation, hire an Appellate Bankruptcy Lawyer     https://www.rngbankruptcy.com/attorney-profile/richard-n-gottlieb-esq/     #bankruptcy #rng #law #lawyer #profile #attorney

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Types of corporate
bankruptcies
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
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)
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
Chapter 11 bankruptcy
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)
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

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Rngbankruptcy.pdf

  • 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. 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 Chapter 11 bankruptcy
  • 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. 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 Out-of-court solution
  • 8. Some facts to check before filing bankruptcy options · Size of business and revenue · Type of debts and various assets · Future plan or any long-term goals · Cost and approx time of settlement · Subchapter Bankruptcy Lawyer helps small businesses