Pennsylvania Commercial Bankruptcy
If your company is unable to its debts, you may be considering commercial bankruptcy in Pennsylvania. The two most common types of commercial bankruptcy in Pennsylvania are Chapter 11 bankruptcy and Chapter 7 bankruptcy. In Pennsylvania, Chapter 11 commercial bankruptcy allows you to reorganize your business and negotiate a debt repayment plan with your creditors. A Chapter 7 commercial bankruptcy is used if you're planning to wind down the business.
A Pennsylvania commercial bankruptcy lawyer can review your legal options and help you understand which type of bankruptcy is best for your company. Your Pennsylvania commercial bankruptcy attorney can then help you file for commercial bankruptcy in the US Bankruptcy Court in Pennsylvania and represent your company during the bankruptcy proceedings.