In the business world we often hear the word bankrupt. Bankruptcy is a threat that is very likely to occur for anyone who manages a business or business. This threat does not only apply to newly established companies, but also to companies that have existed for decades. Every company has the potential to go bankrupt, even though the probability is only 0.01%. Bankruptcy will be very frightening for the company, because the company is in a threatened position and could be destroyed.
Bankruptcy also has a meaning as a process in which a debtor who has financial difficulties to pay his debt is declared by the court. The court that has the right to sue here is a commercial court because the debtor cannot pay his debt.
In case of business, why you should use bankruptcy attorney Baltimore? Here is why you should use an Advocate or Legal Consultant is as below:
- Advocates bankruptcy attorney Baltimore enable to make your business runs well
Please review business which runs according to proper regulation, we can be sure your business will run on the track and avoid disturbances (law) from any one. The duty of the Advocate will adjust and ensure everything to fit the process.
That all permits or company establishment are in accordance with proper regulation, to the company’s work agreement with employees is in accordance belonging to the company are valid, registered and not in legal trouble, et cetera.
In other words, it is the duty of lawyers and legal consultants who will examine related to the law in the company to conform to applicable laws for the smooth running of company business activities.
- Prevent Legal Issues in the Future
If everything in the company complies to the procedure we can continuous and everything was anticipated from the start.
Even if a problem arises, then the company does not need just leave it all to that the company’s activities are not disrupted and concern on profit. If a third party cheats or violates the agreement, your Advocate will immediately take legal steps available against the third party.
III. Provide Legal Protection (Defend both Inside and Outside the Court) and Take Quick Action to Prevent Losses
For example if you run a business well, but it could arise parties feel disadvantaged who ultimately filed a lawsuit or lawsuit or conversely, if your company is harmed, advocates who will take legal steps available for and on behalf of the Company, against third parties who have caused your company losses.
The Smart Tips for Choosing a Professional bankruptcy attorney baltimore/ Legal Consultant
Our experience as a lawyer / advocate and practicing legal consultant has led us to meet various types of clients. The most sadness thing is when meeting with people who claim to have been “tricked” by unscrupulous lawyers.
They claimed to have spent billions of rupiah, but the case was not completed, instead lost, all assets confiscated, and declared wrong. His admission was because they were lulled by the words of the unscrupulous lawyer who promised to win the case, without ever explaining his case legally. This lawyer actually instead asked for a sum of money for maintenance costs, and so forth, basically the client just sat quietly. He said.
In fact, the case was not finished, the case was lost, the person ran away, and the client lost his property. It’s sad and we do not want that to happen to you!
Justice seekers, be smart about choosing a lawyer. There are still many good lawyers with integrity who explain your case purely from a legal perspective, without promising any victory.
Avoid it! a lawyer who promises you victory, who advises you to bribe law enforcement officials, who only ask for money and money but cannot or never explain the legal situation, and never explain what legal steps or remedies are intended.
A true and professional lawyer is one who explains his case legally, provides advice in accordance with applicable law, provides an explanation regarding the steps and / or legal remedies (legal / legal) that will be done for your case, which does not advise you to “play money “to bribe law enforcement officers, and who do not promise you victory.
Steps for processing bankruptcy filings
As for the decision on bankruptcy, it has a permanent power and cannot be contested, while the period for requesting bankruptcy until the bankruptcy decision is handed down has a permanent power and that time for 90 days.
There is a verification meeting. This meeting is a registration meeting of accounts payable and receivable. At this stage, data will be collected on the nominal amount of debt and receivables, in this case owned by the debtor. This verification is a very important stages even the most important in the bankruptcy filing process. This is because a sequence of consideration of rights for each creditor.
If there is a peace process and peace is accepted, then the bankruptcy process cannot automatically be continued or ended. However, if there is no peace process at this stage, the bankruptcy filing case will proceed to the next step. However, this peace process is always sought and scheduled.