Bankruptcy Law

This area of law includes aspects of corporate law, litigation, commercial law, tax law, and others. A lawyer’s negotiation skills are primary in a bankruptcy practice. The clients’ ultimate goals are, in the case of debtors, to relieve the demands of creditors so there is an opportunity to reorganize or rehabilitate the business, or in the case of lenders, to maximize their recovery. These goals are usually achieved through direct negotiations between the parties, a “work-out” in which the debt is restructured, or a reorganization under Chapter 11 of the Federal Bankruptcy Laws.

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