Rhode Island Commercial Bankruptcy
If your company is unable to its debts, you may be considering commercial bankruptcy in Rhode Island. The two most common types of commercial bankruptcy in Rhode Island are Chapter 11 bankruptcy and Chapter 7 bankruptcy. In Rhode Island, 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 Rhode Island commercial bankruptcy lawyer can review your legal options and help you understand which type of bankruptcy is best for your company. Your Rhode Island commercial bankruptcy attorney can then help you file for commercial bankruptcy in the US Bankruptcy Court in Rhode Island and represent your company during the bankruptcy proceedings.